manager photo
Online Assistant
We will be pleased to answer any questions you may have
Write Call
Close
Log in

The pound has a chance to rebound

25 September 2015, GBP/USD

Decline in this pair continued, which led the price to a critical level, the breakdown of which canceled the considered scenario.

However, the downward movement was rather smooth without significant pullbacks, so the the price is likely either to bounce off local Low, or develop the wave iii of upward impulse.

Thus, there is a good opportunity to make purchases with a good risk/profit ration, which you should use.

Basis on this, I opened a Buy trade.

The pound has a chance to rebound

Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:

We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .