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We assume that a correctional wave 2 is developing

20 July 2015, GBP/USD

The wave 1 of [iii] of an ascending impulse has supposedly formed.

We assume that correction has started if we take into account that the passed trading day was still for the pair..

We don't think that flat is the end configuration and that the price will attempt to fall.

Anyway, it is better to refuse from trading at this moment because we can have strange surprises.

We assume that a correctional wave 2 is developing

Vasiliy Lukin
Analyst of «FreshForex» company
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