The price has stuck on the level (4/8) | 16 July 2015
16 July 2015, GBP/USD
4 hours’ chart of GBPUSD. The pair had been consolidating on the main level of support and resistance (4/8). This disregard of the strongest level in system is only enabled by a movement of the price within the horizontal channel (3/8 – 5/8). Despite we have no proof of an emerging flat, this very option of its further movement is the most probable by the moment .
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.
