FX.co ★ Wave analysis of the GBP/USD currency pair. Week overview.

As seen at the graph, the current situation can signal that the pound is likely to finish its half-yearly rising trend. Almost perfectly accomplished 38,2%-correctional level between the minimum and maximum of this year trend, appeared to be a serious barrier for the British currency. At the same time, there are some significant variations at the graph. One of the variants of the existing situation description is displayed at this diagram. In any case, after dynamic move from 1,5710 is possible to expect the price drawdown up to 1,6100. Generally, in a short term the sterling should form a full-rate correctional abc. The purchased indicators will also be put in order.

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Analyst: Alexander Dunin