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The pound still sustains

18 November 2015, GBP/USD

The pound still sustains without giving the US dollar to do what has been done against the euro.

The British currency even attempts to move higher, but to little purpose.

In the event of failure, bulls may just give up and then the will heavily move down with updating the local Low.

As long as this has not happened, further impulse growth of the pair as part of the wave (iii) of the upward momentum may be possible.

If the new local High is reached, it is necessary to look for an opportunity to open a Buy trade.

The pound still sustains

Vasiliy Lukin
FreshForex Analyst
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