Log in

Potential for growth

28 July 2016, GBP/USD

Four-hours chart of GBPUSD. As expected, the pair has bounced off from the bottom of the flat, in which the price had been quite a long time. At the local level, the pair has a room for growth, but as long as the price stays within the horizontal channel, it is too early to talk about the medium-term direction of the price movement. The main plan is continuation of consolidation around (2/8), with a possible surge to around 1.33 within the flat, in which the price is moving. But when you buy, do not forget that the trend is still descending

Trading solutions: not.

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.