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Impulse continues to develop

29 April 2015, GBP/USD

Unlike Euro, Pound takes much intensive paces of consolidation. The pair had grown so much that we can suppose that the wave [iii] of observed ascending impulse has already been formed and the price may start correcting to develop wave [iv]. Though we think it is the other way round and growth continues. Euro has a fine potential and Pound is unlikely to spend time in waiting. So, in the nearest time we will see continuation of impulse development of the pair associated with development of the wave [iii].

Impulse continues to develop

Vasiliy Lukin
FreshForex Analyst
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