The Pound is ready to break the resistance level | 12 August 2015

12 August 2015, GBP/USD

The Pound almost reached the resistance level and started giving up again.

We think, all of it is within the correction and in the nearest time we shall expect a fast impulse growth due to the wave structure.

So our assumption is correct in the nearest time we shall expect a fast impulse growth, when the wave 3 of [iii] forming will be continued.

 The pound is ready to break the resistance level.


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.
Vasiliy Lukin
FreshForex Analyst
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