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Flat continues

06 August 2015, GBP/USD

Flat continues

The four-hours' chart of GBPUSD. Lower volatility led to redraft of the levels. Nevertheless, the pair remains to be in a horizontal channel (3/8 & ndash; 5/8). Therefore, continuation of consolidation within the horizontal channel with the new bordes 1.5564 (8.3) and 1.5686 (5/8) remains relevant. The pair is still in a horizontal channel with bordes 1.5503 (3/8) & ndash; 1.5747 (5/8). Cancel of this option is a breakdown and consolidation of the price on one of the bordes of the channel.

Nikolay Krishtopov
FreshForex Analyst
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