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A flat corridor

29 July 2016, GBP/USD

Daily chart: the pair continues to consolidate around the middle Bollinger band (1.3175) within the flat inside Bollinger envelopes (1.2895-1.3431)

Н4: a better shaped flat corridor 1.3074-1.3212 (the range of Bollinger envelopes). ADX is weak, so it is likely that the corridor will remain.

Н1: even a better shaped trading corridor 1.3113-1.3175

Expectations: flat 1.3113-1.3175

Solutions: purchase from around 1.3113 to 1.3175

Aleksey Panasenko
Analyst of «FreshForex» company
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