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Ongoing development of the wave [ii]

23 October 2015, GBP/USD

In this pair so far everything is quiet, no significant changes have happened.

The British currency did not succumb to provocations on the part of bears that could bring down the euro.

As a result, the pair has almost remained in place.

Thus, it is possible that at the moment we have formation of correction due to development of the wave [ii].

In the future, the price is expected to decline, which depth is not clear, therefore, it is buy better to buy on breakdown of the wave [i], with the help of a pending order.

Ongoing development of wave [ii].

Vasiliy Lukin
Analyst of «FreshForex» company
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