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In anticipation of a breakthrough

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.

In anticipation of a breakthrough

Vasiliy Lukin
FreshForex Analyst
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