Flat continues | 02 Agustus 2016

02 Agustus 2016, GBP/USD

Daily chart: the price still tends to accumulating volumes within a wide range 1.2918 – 1.3376 (the range of Bollinger envelopes).

Н4: a better shaped horizontal corridor 1.3144 – 1.3250. ADX is weak, there are no signs of preparation of a breakthrough yet.

Н1: the same picture: a flat configuration of envelope within the range of 1.3170-1.3204

Expectations: Flat 1.3170-1.3204

Solutions: skip trading.

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.

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Aleksey Panasenko

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