Main Quotes Calendar Forum
flag

FX.co ★ GBP/USD wave analysis for January 19, 2011

parent
Forex Analysis:::2011-01-19T10:52:01

GBP/USD wave analysis for January 19, 2011

GBP/USD wave analysis for January 19, 2011


During yesterday's trading the GBP/USD pair continued to advance and gained 150 pips. At the same time the upward movement was located within the estimated 3rd wave (b, с or 3rd) forming inner wave structire of its 5th wave. If so, this 3rd looks pretty complete, which implies certain decline before the pound tries again to test the 1.6055 level, reached yesterday. Moreover, MACD divergence indicates possible decline.

Analyst InstaForex
Share this article:
parent
loader...
all-was_read__icon
You have watched all the best publications
presently.
We are already looking for something interesting for you...
all-was_read__star
Recently published:
loader...
More recent publications...