Monday, November 12, 2018

Signs of weakening momentum evident

Signs of weakening momentum evident in the GBP / USD pair

According to the "rhetoric" on the hourly chart GBP / USD, the pair moves to the field of new lows, but it suffers from a lack of volatility.

Typically, such dynamics is associated with the formation of the narrow consolidation range and makes it possible for the resumption of growth and volatility breakout followed by the start of a new upward trajectory. There may be additional sales in the case of loss of the nearest support range.

Traders to adhere to recommended neutral approach as long until a clear breakout in one direction or another.


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