Technical analysis of GBP/USD for July 17, 2017

Overview: The GBP/USD pair continues to rise from the level of 1.3001 in the long term. It should be noted that the support is established at the level of 1.3001 which represents the 78.6% Fibonacci retracement level on the H4 chart. The price is likely to form a double bottom in the same time frame. […]