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The wave [ii] is about to complete its formation

21 October 2015, GBP/USD

The pound with the dollar are also not about to make any emotional movements.

The pair was traded within the correction, which was caused by the wave [ii] of the emerging upward impulse.

Based on this data, we can assume that in the near future formation of the flat will continue, then bulls will go activate, which will lead to the impulseof growth of the pair within development of the wave [iii].

Thus, soon it will be possible to begin to consider opening long positions.

A wave [ii] is about to complete its formation.

Vasiliy Lukin
Analyst of «FreshForex» company
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