Yesterday GBP/USD resumed its upward movement and by the end of the day stopped near the upper line of the downward corridor. Wave structure has assumed a rather complicated form which can be classified by a stretch as the correction waves’ set abc. If it is so then the pair has a chance to continue down-trend from the correction level 50% (1.5855). On the other hand, we can’t exclude the possibility that GBP continues the upward movement to the maximum of the first days of November (1.6300).
