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FX.co ★ Wave Analysis of the GBP/USD for November 04, 2010

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Forex Analysis:::2010-11-04T08:50:40

Wave Analysis of the GBP/USD for November 04, 2010

Wave Analysis of the GBP/USD for November 04, 2010

The GBP/USD attracts attention because of rather dead response to the decisions taken yesterday in the USA. That is why supposing a probability of a prolonged growth of pound prices within the future C wave, there should not be excluded an opportunity of that the pair can transit in the phase of a continuous sideward trend. Such possible situation has a chance for realization due to that market started setting the price, risks related to such FOMC decision from the first September days, and generally speaking from May.

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