03 August 2015, GBP/USD
The pound was also eager to upgrade its local High, but sellers are able to respond to this goal.
However, current situation indicates that bears apparently can not rule for long.
Buyers are gaining momentum, and the wave pattern favors them.
Now we assume the formation of the wave 3 of [iii] the upward momentum.
So, if this assumption is true, in the future we expect a sharp jump of prices in the upward direction.
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