The price has returned to borders of the flat | 05 Agustus 2016
05 Agustus 2016, GBP/USD
Four-hours chart of GBPUSD. As we expected, the pair collapsed after bulls had failed to develop their success and has stuck within the narrow flat. However, so far local levels of support are held by buyers, so there are chances of resumption of the upward movement. The main option is continuation of consolidation around (2/8). The alternative option is a continued decline; here the important level is 1.3060. Its breakthrough can bring update of the local Low in the middle run Trading solutions: no
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.
