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It looks like beginning of an impulse growth

10 July 2015, GBP/USD

The past trading day was quite lucky for bulls. At least, they managed to stop pressure of sellers.

Besides, the pair has demonstrated a slight growth.

Perhaps, the correctional wave [ii] has already been formed.

If our assumption is correct, the British currency has fine chanced to start consolidation within the frames of the mentioned wave [iii].

In this regard, we should look closer to purchases.

It looks like beginning of an impulse growth

Vasiliy Lukin
FreshForex Analyst
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