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Flat continues

02 August 2016, GBP/USD

Four-hours chart of GBPUSD. No changes. Ongoing consolidation within the narrow range around (2/8). There are certain signs of upward exit of the price from this flat. But we do not know when it happens, continuation of the flat is the main option. If the price gets above 1.3300, 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: none

Nikolay Krishtopov
FreshForex Analyst
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