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FX.co ★ Wave analysis of the GBP/USD currency pair for October 29, 2010

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Forex Analysis:::2010-10-29T08:10:36

Wave analysis of the GBP/USD currency pair for October 29, 2010

Wave analysis of the GBP/USD currency pair for October 29, 2010

Yesterday the price for GBP/USD continued the upside motion adding almost 200 points to the pound. The structure of the supposed b wave is getting more complicated which takes a shape of a diagonal triangle. If so, at present moment the wave formation goes on within the triangle which is a component of a correctional b wave.

Analyst InstaForex
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