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The pair continues its correction

22 May 2015, GBP/USD

May 22 of 2015, GBP/USD

As we expected, the pound continued to get consolidated against US currency.

Though an evident reason of this consolidation is the development of the wave [b] of forming zigzug in the wave ii.

So, the pair continues its correction and one more wave down is waiting for us which is associated by formation of the wave [c] of ii.

Пара продолжает корректироваться.

Vasiliy Lukin
FreshForex Analyst
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