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In anticipation of the impulse growth

29 September 2015, GBP/USD

After a pretty protracted decline, the pound takes its time when it comes to growth.

The British currency clearly lacks some push.

However, local Low was not passed, so chances to start development of the upward momentum still exist.

Anyway, opening positions now is very dangerous, so I put a pending order at price 1.5252.

It seems that breakdown of this level will make the pound gather momentum so that it can continue to grow well.

In anticipation of the impulse growth .

Vasiliy Lukin
FreshForex Analyst
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