manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
QIWIInstant top-up
Log in

The third rising impulse wave has started to develop

28 July 2015, GBP/USD

As the euro, the pound is not going to stand aside from the possibility to slightly consolidate its position against the US currency.

The chart clearly shows a well shaped upward wave 1, which was followd by formation of zigzag associated with the waves 2.

Next to it, we see that the pair is trying to continue its movement in an upward direction.

Obviously, this is associated with the development of the wave 3 of [iii] of the emerging bullish momentum.

Thus, if this assumption is correct, in the future we can expect a good upward movement.

The third rising impulse wave has started to develop

Vasiliy Lukin
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.