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Flat continues

01 August 2016, GBP/USD

Four-hours chart of GBPUSD. The pair continues to consolidate around (2/8). No fundamental changes took place on the chart. Therefore, a flat is the main option. But it is worth noting that advantage of bears is not so obvious. If the price gets above 1.3300, in the future we may see the price at (5/8), which now serves as a fairly strong resistance level. But it is better to stay out of the market

Trading solutions: no

Nikolay Krishtopov
FreshForex Analyst
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