LiteForex - Analytics


754.75 8.25/10
77% of positive reviews

GBP/USD: wave analysis on 12.08.2015

The pair may grow.

The pair is trading within a narrowing range, which, assumingly, is a corrective triangle in wave B of a big upward correction. Locally, a starting impetus of a junior level as the wave (i) seems to have formed; and, if the assumption is correct, the pair continues growing towards 1.5700-1.5800 marks. A critical for this scenario is the level of 1.5420.


To leave a comment you must or Join us

By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree