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GBP/USD Wave Analysis (September, 2 2009)

Wave analysis

Technical analysis

Fundamental analysis

Complex analysis

 

Within the scope of the script anticipating the construction of more complicated rising bladed structure (the same as for euro) pound has worked out the adjustment waves correlation A to C equal to 76.4 per cent. Actually the price can turn out any moment. But the tidiness of critical level acts as a magneto within the process of dollar’s fixing against the British currency. That’s why it’s untimely to speak about long position opening. Besides the inner regularity of C-wave makes it possible for the price to subside to 1.6065. The large MACD divergence allowing the short in time u-turn possibility attracts attention.