empty
 
 
06.07.2010 03:00 PM
Wave analysis of GBP/USD for July 6, 2010

This image is no longer relevant

The breach of significant level around the 52nd figure allowed the GBP/USD price even during slow trading decline by one figure. So now, the pound demonstrates the accumulated potential for the beginning of a deep pullback in favor of the US dollar. Will such rollback transform into falling trend against the British currency again? It is hard to say now. At the same time, the dynamic formation of the wave 5 in 5 (in C) can let the price make the more complicated wave 5.
 

Chin Zhao,
Analytical expert of InstaForex
© 2007-2024
Earn on cryptocurrency rate changes with InstaForex
Download MetaTrader 4 and open your first trade
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    JOIN CONTEST
  • Chancy Deposit
    Deposit your account with $3,000 and get $8000 more!
    In March we raffle $8000 within the Chancy Deposit campaign!
    Get a chance to win by depositing $3,000 to a trading account. Having fulfilled this condition, you become a campaign participant.
    JOIN CONTEST
  • Trade Wise, Win Device
    Top up your account with at least $500, sign up for the contest, and get a chance to win mobile devices.
    JOIN CONTEST
  • 100% Bonus
    Your unique opportunity to get a 100% bonus on your deposit
    GET BONUS
  • 55% Bonus
    Apply for a 55% bonus on your every deposit
    GET BONUS
  • 30% Bonus
    Receive a 30% bonus every time you top up your account
    GET BONUS

Recommended Stories

Can't speak right now?
Ask your question in the chat.
Widget callback