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The pound remains under pressure of bears

04 September 2015, GBP/USD

The pound still can not find counter-arguments to start strengthening against the US currency.

This results in a slow decline of its value.

However, reduction is quite possible, and it can be carried out in the framework of development of the wave [c] of (ii), which is expected to complete soon.

However, open Buy trades is not necessary, the best way is to wait for the first bull microwaves and then buy. Meanwhile we just observe the situation.

The pound remains under bearish pressure.

Vasiliy Lukin
Analyst of «FreshForex» company
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