Expectations of growth remain the same

23 September 2015, GBP/USD

In this pair the shape of an emerging rising impulse with the extension as the wave iii was spoiled by Bears.

The pair continued its steep decline reaching local-level support. Perhaps, this decline is due to development of the correctional wave ii.

If this is so, a corrective pattern took not entirely correct form, but as an option it is possible (the irregular).

So, if this assumption is correct, in the near future we can expect resumption of impulse growth of the pair.

The expectations of growth remain.

Vasiliy Lukin
FreshForex Analyst
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