Flat is still here | 20 July 2015

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
Agree with the review?
Traders' opinion:
Close
Login
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 .