Flat in the channel (3/8 - 5/8) continues | 31 July 2015
31 July 2015, GBP/USD
The four-hours' chart of GBPUSD. So far, no significant changes. The pair continues to move within the horizontal channel with boundaries 1.5503 (8.3) and 1.5747 (5/8). Continuation of price movement within the channel remains to be the primary plan. At the same time, taking into account duration of being in the channel, we can say that leaving this channel, the price will give us an important prognostic event. I.e., breakthrough and consolidation above the (5/8) would open the way to the mark (8/8). Breakdown and consolidation under the level (3/80) would open the way to the mark (0/8).
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.
