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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.

The expectations of growth remain.

Vasiliy Lukin
FreshForex Analyst
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