manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Pair is in channel (3/8 - 5/8)

22 April 2015, GBP/USD

Pair is in channel (3/8 - 5/8)

4 hours' chart of GBPUSD. Level (4/8) was not able to keep the pair in. Since volatility dropped, levels are narrowed and less strong now. You need to take into account. As of now, we consider that price will be located within the range (3/8 – 5/8) and it must be the main scenario. We think that movement in the flat range won't take a long time. Narrow levels prove that will make this flat movement end soon.

analytic
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .