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FX.co ★ Wave analysis of the GBP/USD currency pair for October 05, 2010

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Forex Analysis:::2010-10-05T07:54:28

Wave analysis of the GBP/USD currency pair for October 05, 2010

Wave analysis of the GBP/USD currency pair for October 05, 2010

Yesterday's price uptick of the GBP/USD allowed it to form rather complete 5-wave structure. Amid this a two-valued situation has occured allowing to consider equivalent variants of extending the rates upturn for pound and the currency pair transit to a phase of longer horizontal correction.

Analyst InstaForex
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