Flat 1.3090-1.3153

26 July 2016, GBP/USD

Daily chart: the pair has consolidated around the middle Bollinger band (1.3175). ADX is still very weak, but growing. Therefore, continuation of the consolidation and drop towards 1.2887 (the lower Bollinger band) are equally probable.

Н4: a flat omni-directional range within the Bollinger envelopes (1.3056-1.3264)

Н1: a little better shaped flat corridor 1.3090-1.3153

Expectations: flat 1.3090-1.3153

Solutions: purchase from 1.3090 to 1.3153

Aleksey Panasenko
FreshForex Analyst
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