Another Flat Day | 09 February 2017

09 February 2017, GBP/USD

Daily chart: the price keeps moving around middle Bollinger band (1.2480). It is likely to continue this tendency today considering passive ADX.

Another Flat Day

Н4: quiet trading inside flat corridor of 1.2396-1.2563 (Bollinger envelopes range) is expected. That matches day chart data.

Another Flat Day

Н1: more localized corridor is 1.2480-1.2548. ADX is weak but indicator is growing.

Another Flat Day

Expectations: flat day inside corridor of 1.2480-1.2548

Solutions: trading inside 1.2480-1.2548

Aleksey Panasenko
FreshForex Analyst
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