25 august, 10:20 The wave analysis of the Forex market. GBP/USD
From the fourth attempt the Pound "has pressed through" correctional level of 61,8 % and was fixed under it, simultaneously having overcome a minimum reached 19.08.08 therefore it was absolutely accurately designated already generated five-wave in a wave C, correctional structure ABC. At any moment the Pound can begin an ascending trend. Besides the price too was late under Andrews's Pitchfork average line. Though it is necessary to notice that if we will see it near levels designated in the bottom of the schedule fat lines - it any more will not change an overall picture.
The pound also has quickly overcome the first level of resistance. The purpose noted by us on Friday while remains - 1,8020. At opening of a Feet short position to expose not above 1,8770. Till the end of trading session a position to close. Remember that stohastic is strongly resold, and on MACD has appeared divergence.
Print version
