Price within a channel

Price within a channel

EUR/GBP OANDA:EURGBP


Price for the time looks to be contained within a channel, a big build up of orders looks to be at around the 0.88500 a good place for a sell trade. Depending on how the Brexit negotiations and a possible BoE interest rate rise in August, the GBP could be looking to gain strength in the more longer term and taking price down.