The pair is trying to leave the channel (3/8 - 5/8) | 24 July 2015
24 July 2015, GBP/USD
4 hours’ chart of GBPUSD.
The pair is trying to leave the horizontal channel (3/8 - 5/8) in which it had been consolidating in recent time.
Staying within the channel was not very durable, so the level of (2/8) is still considered as the target for decline.
This option will be canceled if the price returns and consolidates above the level (3/8), and the current plan will become irrelevant.
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.
