Mon, 24 Aug 2015 06:59:04 GMT
GBP/USD 1H Chart: Channel Up
The British Pound is in a good position to advance against the US Dollar. First, GBP/USD has been fluctuating within the boundaries of a bullish channel for the past two weeks. Secondly, the currency pair is facing a dense cluster of supports around 1.5650. Apart from the trend-line, demand here is also implied by the 200-hour SMA and the weekly