3:25 PM
Wave Analysis 19.03.2015 (GBP USD)
FXTM Online Analysis Department.
Probably, the market has finished wave A of (2) of a large ascending zigzag and right now is forming wave B of (2), which is taking the same form. In the nearest suture, the price is expected to continue growing. However, this scenario will be confirmed only after the market is able to stay above the confirming level at 1.5007 (crimson line).
GBP USD, “Great Britain Pound vs US Dollar”
Pound has finished wave 5 of (1) and right now is being corrected inside wave B of (2), which may take the form of zigzag. During the next several weeks, the pair is expected to grow towards 1.5500 inside wave C of (2).Probably, the market has finished wave A of (2) of a large ascending zigzag and right now is forming wave B of (2), which is taking the same form. In the nearest suture, the price is expected to continue growing. However, this scenario will be confirmed only after the market is able to stay above the confirming level at 1.5007 (crimson line).
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