The wave 3 of the upward momentum is expected to develop | 30 July 2015

30 July 2015, GBP/USD

Sp far, in this pair no significant changes has occurred.

We assume that after development of the correctional wave 2, the pair attempted to grow within the frames if the development of the third impulse wave.

However, trying to reach the local price High, it has faced an insurmountable obstacle.

Thus, only update of the local price Highis able to move it up. In the meantime we obviously expect a small corrective pullback.

The wave 3 of the upward momentum is expected to develop

Vasiliy Lukin
FreshForex Analyst
Agree with the review?
Traders' opinion:
Close
Log in
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .
manager photo manager photo
Online-support
We will be pleased to answer any questions you may have

Write

Get bonus