Pair is in channel (3/8 - 5/8) | 22 Abril 2015
22 Abril 2015, GBP/USD
.png "Pair is in locaed in the channel (3/8 - 5/8)")
4 hours' chart of GBPUSD. Level (4/8) was not able to keep the pair in. Since volatility dropped, levels are narrowed and less strong now. You need to take into account. As of now, we consider that price will be located within the range (3/8 – 5/8) and it must be the main scenario. We think that movement in the flat range won't take a long time. Narrow levels prove that will make this flat movement end soon.
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
