Bulls failed to develop their success | 04 August 2016
04 August 2016, GBP/USD
Four-hours chart of GBPUSD. After a fairly strong growth, the pair has again stuck in the narrow flat. Bulls failed to develop their success and despite the fact that chances of growth still remain, its probability is low. Therefore, today drop is more probable. Continuation of the upward movement can not be completely disregarded, too especially since a number of important reports are released that can impact on the price, but the probability of its implementation is less.
Trading solutions: no
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.
