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Flat continues

29 July 2016, GBP/USD

Flat continues

Four-hours chart of GBPUSD. Over the past day, no fundamental changes took place in the chart. The price continues to consolidate in a narrow range around (2/8). The main option is continuation of flat. Now decline to the bottom of the flat is most likely. As long as the price stays within the horizontal channel, no medium-term targets can be considered. But, of course, given the dominance of the downtrend, decline is most likely

Trading solutions: none

Nikolay Krishtopov
FreshForex Analyst
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