Flat 1.3174 - 1.3253 | 22 July 2016

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
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus