Thursday, August 4, 2011

GBP/USD Wave Technical Analysis - August 4, 2011






Yesterday’s resumed GBP/USD growth probably denotes that the inner wave structure of the 4th wave is completed. If so, current upside movement is developing within the 4th wave of the whole uptrend section initiated July 12. At the same time target levels for this 5th wave might be located in the range 1.6470-1.6560.

Performed by Alexander Dneprovskiy, Analytical expert
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