Main Quotes Calendar Forum
flag

FX.co ★ GBP/USD Wave Analysis for August 29, 2011

parent
Forex Analysis:::2011-08-29T09:33:51

GBP/USD Wave Analysis for August 29, 2011

GBP/USD Wave Analysis for August 29, 2011

On the last trading day of the week GBP/USD tested the level 1.6250, after that it started an expected retrace from the correction level of 76.4%. So by this decline to 1.6230 the pound has made complicated the inner wave structure of the assumed 3rd wave (or c) which allows another attempt to test the correction level 76.4% (1.6225). At the same time the gained in the second half of Friday session dynamics of the pound price may facilitate its advance to the mark of the 66th figure (the local high of August 19).

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...