Flat 1.3174 - 1.3253 | 22 Juli 2016
22 Juli 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
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.
