27 July 2016, GBP/USD

Four-hours chart of GBPUSD. The pair continues to consolidate within a narrow range near (2/8). So far, there are no prerequisites of exit of the price from this flat. On the contrary, we will apparently see an upward rebound from the bottom of the flat, which will be the signal of continuation of price movement within the horizontal channel. Now we consider this scenario as the main. This option would be canceled by consolidation of the price on one of the flat's borders. In such a case we expect a continued movement in the direction of breakthrough.

Trading solutions: none.

Nikolay Krishtopov
FreshForex Analyst
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