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Ascending movement has a great potential

15 June 2015, GBP/USD

By all appearances, this pair is expecting development of elongation in the wave iii.

This is proved by the fact that supposedly at present moment ascending impulse is ending its formation, in particular, the wave[i] of iii.

Meanwhile, only the formed wave is the wave 3 of [i] of iii. So, in the nearest time a slight correction is most likely. After that, the pair will renew its movement in ascending direction.

Ascending movement has a great potential

Vasiliy Lukin
Analyst of «FreshForex» company
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