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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.

FreshForex Analyst
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