In anticipation of a breakthrough | 31 July 2015
31 July 2015, GBP/USD
Pound has stood leaning to the resistance level and does not know what to do next: to break and move on, or surrender to the mercy of bears.
It is worth noting that hit this level did not cause the sharp bounce telling about readiness of customers to attack this level again.
In addition, the wave scenario also favors this.
Let me remind you that here we expect development of the wave 3 of [iii] of an ascending impulse.
So, if this assumption is correct, in the future we can expect impulse growth of the pair.
.png "In anticipation of a breakthrough")
The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
