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Flat is still here

20 July 2015, GBP/USD

Flat is still here

4 hours’ chart of  GBPUSD. The pair is still consolidating in a rather narrow range around the point (4/8). It is in a horizontal channel (3/8 – 5/8). There are no signs that the price could leave the channel, so the main scenario considered by us is movement of the price within the above-mentioned channel. Only when the price leaves flat, we can discuss its directions

Nikolay Krishtopov
FreshForex Analyst
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