Upward swing is expected to continue its way | 08 September 2015

08 September 2015, GBP/USD

The daily chart: everything speaks for the upward swing, since yesterday's chart gave the first crossing up.

Upward swing is expected to continue its way

h1 chart: a relatively long swing up is ready, so we should wait for the downward swing to enter uo within the frames of the day's rising swing. Estimated depth of the downward movement could be area 1.52-1.5230.

Upward swing is expected to continue its way

Scenarios: So, we wait for continuation of growth in the direction of 1.54. We can enter in this movement if there is a rollback to 1.5230.

solutions:

1) Buy to 1.54 from 1.5230.

Aleksey Panasenko
FreshForex Analyst
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