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The upward movement has not yet exhausted its potential

13 October 2015, GBP/USD

The pound continues to control the situation confidently without giving sellers a single chance for resumption of movement in the downward direction.

In addition, upward movement has still a very good potential as targets have not been reached yet.

Thus, in the near future we expect a continued impulse growth of the pair as part of the wave (iii), the nearest goal is 1.5650.

The upward movement has not yet exhausted its potential.

Vasiliy Lukin
FreshForex Analyst
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