Getting down to 1.48 | 23 April 2015

23 April 2015, GBP/USD

It is most probable that soon we will see the pair reaching its previous local Low 1.48.

Getting down to 1.48 Pound/Us Dollar pair continues to move within the boundaries of red alpha channel. Under a head of bull, price has reached resistance on the level of previous local High. However, it has not managed to consolidate above this level. Price has started its decline. It is most probable that soon we will see the pair reaching its previous local Low 1.48.

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