Growth | 27 Juli 2016
27 Juli 2016, GBP/USD
Four-hours chart of GBPUSD. The pair continues to consolidate within a narrow range near (2/8). So far, there are no prerequisites of exit of the price from this flat. On the contrary, we will apparently see an upward rebound from the bottom of the flat, which will be the signal of continuation of price movement within the horizontal channel. Now we consider this scenario as the main. This option would be canceled by consolidation of the price on one of the flat's borders. In such a case we expect a continued movement in the direction of breakthrough.
Trading solutions: none.
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.
