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    GBP/USD: wave analysis on 12.10.2015

    A local correction and a growth are expected.

    Assumingly, a correction of the senior level has formed within wave B of (2) which has the shape of an irregular flat with an ending diagonal triangle in wave c of B. Locally, a starting impetus of the junior level as wave i of (i) seems to have formed. If the assumption is correct, when local correction ii of (i) finishes, the pair continues growing to 1.5700-1.5800. A critical for this scenario is the level of 1.5100.

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