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Bulls failed to develop their success

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

Nikolay Krishtopov
FreshForex Analyst
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