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Development of the wave iii of the upward momentum

16 September 2015, GBP/USD

In this pair, formation of the correctional wave ii has been presumably completed.

On the basis of these assumptions, I open Buy trade, as in the future I expect development of a good upward impulse wave iii.

It is important to note that the upward movement has a good potential, whereas risks are low.

The goal of expected growth is the area of ​​1.5780.

Development of the wave iii of the upward momentum

Vasiliy Lukin
Analyst of «FreshForex» company
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