FX.co ★ GBP/USD wave analysis for July 22, 2011

Yesterday, together with other currency pairs, GBP/USD resumed growth against the dollar and advanced above the 63 figure level by the end of the trading. Thus, the pound continued the upside movement initiated July 18. If so, at the moment the price is within the 3rd wave of this new upside section. At the same time, targets for this 3rd wave can be located near 1.6350-1.6410.