FX.co ★ Wave analysis of the GBP/USD currency pair for October 2, 2009

As it was mentioned before, after the A-C waves equalization, it is possible to expect a considerable upward price move of the GBP/USD pair. Despite a prospective correctional deviation, it is still possible for pound to reach the target level at the 64 bid figure. MACD unambiguously indicates the appeared tendency of the British currency growth.

Regards,

Analyst: Aleksandr Dunin