In the footsteps of euro, up! | 24 September 2015
24 September 2015, GBP/USD
The pound has followed in the footsteps of the euro, in the sense that its decline was within the frames of an assumed correction, which stopped at a local Low.
At the moment the pair attempts to resume movement in the upward direction to develop the wave iii of the upward impulse.
Based on these expectations, I opened a long position with the target 1.5550, although potential of the price allows it to reach the level of 1.6000 and above.
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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.
