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Pound has approached beginning of the impulse growth

07 October 2015, GBP/USD

The British currency decided not cope with the pressure exerted by the US dollar and show independence.

Meanwhile these actions are very modest, the pound rose slightly, but this fact indicates that it does not intend to get lower.

It is possible that buyers are willing to go to the impulse growth and in the near future we will see a sharp upward movement. < p> So in the future we obviously expect beginning of development of the wave (iii) of the upward momentum.

Pound did the next steps to the top of the pulse of growth.

Vasiliy Lukin
Analyst of «FreshForex» company
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