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Pound is preparing to break the resistance level?

Pound is preparing to break the resistance level? | 06 August 2015

06 August 2015, GBP/USD

Almost the whole month the pair has spent staying on the ground, trying the formed resistance level and trying to find a flaw in it.

So far, there has been no result, but breakdown is coming.

Since US Dollar in many currency pairs is ready to start getting weaker, albeit for correction but still.

If this assumption is correct, in the future we expect growth of the impulse pair, but I would not recommend to enter in purchase now! It is better to put pending order on the local high and wait for its response. < / p>

The pound is preparing to break the resistance level?

Vasiliy Lukin
FreshForex Analyst
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