manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

Movement within a horizontal channel continues

05 August 2015, GBP/USD

The movement continues in a horizontal channel

The four-hours' chart of GBPUSD. The pair is still based in a horizontal channel with the borders 1.5503 (3/8) - 1.5747 (5/8). Currently the pair is heading for the bottom border of the channel. Nevertheless, while the price is held above, extension of the flat status is our primary expectation. Breakthrough and consolidation of the price on one of the borders of the channel would change this scenario.

Nikolay Krishtopov
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

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 .