GBP/USD wave analysis for June 30, 2011

During yesterday’s trading the GBP/USD currency pair continued growth in favour of the British currency limited by the estimated upside correction. At the same time, its inner wave structure is forming the first waves of a more continuous future uptrend. In the meantime, there is a possibility that the current upside movement will stop near the 61 figure level, which in its turn can complicate the whole wave situation of the 3rd wave.