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British currency is ready for consolidation

British currency is ready for consolidation | 07 July 2015

07 July 2015, GBP/USD

British currency is ready for consolidation, but those who can contribute to that are still indecisive .

The chart clearly shows zigzug which, by all appearances, has formed as the wave 4 of a supposed ascending impulse.

After that, bulls started to work actively, but it did not led to a further growth.

Perhaps, it will happen today.

If our assumption is correct, in the nearest time we will see development of an impulse growth associated with developemnt of the wave 5.

British currency is ready for consolidation.

Vasiliy Lukin
FreshForex Analyst
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