FX.co ★ GBP/USD wave analysis for 3 June 2010

Yesterday’s breakout of the estimated correctional level of 38.2% brought into challenge the variant of the completion of the correctional structure forming of the 4th wave. However, yesterday afternoon the situation stabilized and it still allows a possibility of quotations of the British currency decline again. Probable targets of such falling are placed below the level of 42nd figure and going on MACD divergence confirms this possibility.