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Correction is expected to continue its development

21 May 2015, GBP/USD

May 21 of 2015, GBP/USD

Meanwhile, GBP/USD looks as it is in correction.

Formation of a correctional impulse which is represented by i wave, was followed by a decline of a correctional character.

In this correction the wave [a] of ii has been supposedly formed.

So, in the nearest time, we expect development of waves [b] and [c] of ii. That will lead to continuation of a flat movement.

Ожидается продолжение развития коррекции.

Vasiliy Lukin
Analyst of «FreshForex» company
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