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FX.co ★ GBP/USD Wave Analysis for September 2

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Forex Analysis:::2010-09-02T12:00:00

GBP/USD Wave Analysis for September 2

GBP/USD Wave Analysis for September 2

Moving in a very complicated manner GBP_USD price continues to form the expected correctional 3rd wave (or c). Regardless of that the yesterday’s reverse upwards began right from the correctional level of 76,4%, the 5th wave in this 3rd (or c) looks unfinished. So, we cannot exclude the fact that the price can retest the mentioned above level of correction with a possibility of the price falling to the level of the 53rd figure.

Analyst InstaForex
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