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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
Analyst of «FreshForex» company
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