FX.co ★ Wave analysis of GBP/USD for June 24, 2010

Yesterday, the GBP/USD price continued the stated on Tuesday quite dynamic upward movement, shaping another group of abc waves. It should be noted that considering unproved divergence of MACD such intensive growth of the pound looks rather unfounded and makes us to be careful with keeping long position during the coming to 1.5030. In addition, yesterday’s increase of the British currency made questionable current wave marking in the correctional C.