Consolidation within the channel (3/8 - 5/8) continues | 22 July 2015

22 July 2015, GBP/USD

Consolidation within the channel (3/8 - 5/8) continues

4 hours’ chart of  GBPUSD. No significant changes have been made on the chart for the last 24 hours. The pair is still consolidating within a horixontal channel (3/8 – 5/8). Meanwhile, there are no signs that the price may leave the channel, so continuation of movement within the above-mentioned boundaries is our main scenario. When the price leaves this flat, we may discuss middle-term plans.

Nikolay Krishtopov
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
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 .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus