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Correction seems to continue its development

26 May 2015, GBP/USD

26 May of 2015, GBP/USD

We suppose that correction is formed on this pair, which is associated with development of the wave ii of emerging ascending impulse.

The named correctional wabe is formed as zigzug in which the wave [b] is currently evolving.

Meanwhile the named wave seems incomplete, so in the nearest time we expect growth and decline within a short frame, whereupon we may speak about development of correction.

You'd better abstain from trading on such market and wait for a more clear scenario.

Correction seems to continue its development

Vasiliy Lukin
FreshForex Analyst
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