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  Symbol Bid Ask
EURUSD 1.2931 1.2934
GBPUSD 1.5123 1.5126
USDJPY 101.27 101.3
USDCHF 0.9614 0.9617
USDCAD 1.0318 1.0321
EURJPY 131.01 131.04
EURCHF 1.2431 1.2436
GBPJPY 153.14 153.21
GBPCHF 1.4541 1.4548
GOLD 1386.2 1386.8

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GBP/USD wave analysis for May 24, 2011 2011-05-24


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Following the euro, during yesterday’s trading the GBP/USD resumed the downside movement and passed the 61 figure level by the end of the day. At the same time, current wave situation allows further decline of the price in the direction of the 1.6000 level. As a result od such dynamic decline, the wave situation formed May 13-20 looks like a complicated inner wave structure of the B wave of the whole downtrend developing since early May.

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Performed by Alexander Dneprovskiy, Analytical expert
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