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We expect further strengthening of the pound

08 October 2015, GBP/USD

Meanwhile things are going well for the pound.

The British currency is actively strengthening against its rival and apparently it not going to surrender.

Let me remind you that according to this option, at the moment we see formation of the wave (iii) of upward momentum.

Since development of this wave is still at the initial stage, potential of growth is very good.

In this situation, we should pay attention to Buying, with a Stop order placed at 1.5170 and the target 1.5670.

It is expected further strengthening of the pound.

Vasiliy Lukin
FreshForex Analyst
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