Log in

Flat in the narrow range

26 July 2016, GBP/USD

Four-hours chart of GBPUSD. The pair continues to consolidate around (2/8). Apparently, in the near future we will see a continuation of the flat, because neither bulls nor bears are not taking any decisive action. We expect growth from current levels with a view to the nearest local Low and a downward rebound. The medium-term scenario can be considered after exit of the price from the current flat. But, given the dominance of the downtrend, currently an advantage belongs to sellers

Trading solutions: no

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.