Potential for growth | 28 Juli 2016
28 Juli 2016, GBP/USD
Four-hours chart of GBPUSD. As expected, the pair has bounced off from the bottom of the flat, in which the price had been quite a long time. At the local level, the pair has a room for growth, but as long as the price stays within the horizontal channel, it is too early to talk about the medium-term direction of the price movement. The main plan is continuation of consolidation around (2/8), with a possible surge to around 1.33 within the flat, in which the price is moving. But when you buy, do not forget that the trend is still descending
Trading solutions: not.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
