We keep on expecting growth
02 September 2015, GBP/USD
Despite expectations regarding beginning of growth, due to formation of the wave (iii), the pair continued to decline, thereby updating the local price Low.
However, it has no effect on expectation of this scenario. < p> In the near future we still expect it to resume growth within the borders of the wave (iii), however, for a greater extent of certainty, we should wait for the first bullish wave, and open long positions on a pullback.
The immediate goal of the bullish movement is 1.5800.
Vasiliy LukinAnalyst of «FreshForex» company
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