FX.co ★ Wave Analysis of the GBP/USD for November 04, 2010

The GBP/USD attracts attention because of rather dead response to the decisions taken yesterday in the USA. That is why supposing a probability of a prolonged growth of pound prices within the future C wave, there should not be excluded an opportunity of that the pair can transit in the phase of a continuous sideward trend. Such possible situation has a chance for realization due to that market started setting the price, risks related to such FOMC decision from the first September days, and generally speaking from May.