Flat continues | 29 Juli 2016
29 Juli 2016, GBP/USD
Four-hours chart of GBPUSD. Over the past day, no fundamental changes took place in the chart. The price continues to consolidate in a narrow range around (2/8). The main option is continuation of flat. Now decline to the bottom of the flat is most likely. As long as the price stays within the horizontal channel, no medium-term targets can be considered. But, of course, given the dominance of the downtrend, decline is most likely
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.
