Flat continues | 06 August 2015
06 August 2015, GBP/USD
The four-hours' chart of GBPUSD. Lower volatility led to redraft of the levels. Nevertheless, the pair remains to be in a horizontal channel (3/8 & ndash; 5/8). Therefore, continuation of consolidation within the horizontal channel with the new bordes 1.5564 (8.3) and 1.5686 (5/8) remains relevant. The pair is still in a horizontal channel with bordes 1.5503 (3/8) & ndash; 1.5747 (5/8). Cancel of this option is a breakdown and consolidation of the price on one of the bordes of the channel.
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.
