Technical analysis of GBP/USD for July 18, 2018

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At the 4 hour chart we see that the cable is still moving with the bearish bias but we also see the divergence between the price and the Stochastic. Therefore, there is a possibility that the GBP/USD pair will correct its movements in a few days ahead to the upside at 1.3172. Overall, the bias in the GBP/USD pair is still bearish.

(Disclaimer)

The material has been provided by InstaForex Company – www.instaforex.com