manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Log in

Flat in the channel (3/8 - 5/8) continues

31 July 2015, GBP/USD

Flat continues

The four-hours' chart of GBPUSD. So far, no significant changes. The pair continues to move within the horizontal channel with boundaries 1.5503 (8.3) and 1.5747 (5/8). Continuation of price movement within the channel remains to be the primary plan. At the same time, taking into account duration of being in the channel, we can say that leaving this channel, the price will give us an important prognostic event. I.e., breakthrough and consolidation above the (5/8) would open the way to the mark (8/8). Breakdown and consolidation under the level (3/80) would open the way to the mark (0/8).

Nikolay Krishtopov
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.