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The level is passed!

The level is passed! | 20 August 2015

20 August 2015, GBP/USD

After such long and persistent attempts of bulls they have passed the resistance level, although it was not an abrupt move, the price just quietly stepped abroad.

This event should give a new burst of energy to buyers, which in turn could lead to further sharp impulsive move in the upward direction, the situation favors this, since at the moment we probably witness the development of the wave 3 of [iii].

So, if the above mentioned is true, in future we will have a powerful and long-lasting upward movement.

The level is passed!

Vasiliy Lukin
FreshForex Analyst
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