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Flat 1.3174 - 1.3253

22 July 2016, GBP/USD

Daily chart: a continued consolidation of the price around the middle Bollinger band (1.3291) and no technical signals of change in this trend yet

Н4: a horizontal range within Bollinger envelope (1.3074-1.3291)

Н1: an even better shaped flat corridor 1.3174-1.3253. ADX is rising, but still weak, so we expect this range to remain.

Expectations: flat 1.3174 -1.3253

Solutions: trading within the corridor 1.3174-1.3253

Aleksey Panasenko
FreshForex Analyst
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