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Correction is expected to continue its development

25 May 2015, GBP/USD

25 May of 2015, GBP/USD

This pair follows our forecast exactly.

Once an ascending impulse has been formed, a decline started which seems to have a correctional character and is repesented by the wave ii.

However, it is early to speak that formation of this wave ii has been finished. The reason is that correction may have a more complex shape.

Therefore, we don't need to trade in this situation, so it is better to wait when things will get more clear and act for sure.

Correction is expected to continue.

Vasiliy Lukin
Analyst of «FreshForex» company
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