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Perhaps beginning of the wave [iii]

28 October 2015, GBP/USD

This pair could finish an assumed corrective decline within the frames of development of the wave [ii].

Price was dropping by 61.8% Fibo, and from this level an aburpt impulse rise of the pair could start which can be caused by development of the wave [iii] of the rising impulse.

So, if this assumption is correct, in the near future we expect an impulse growth.

To open long positions, we should use pending orders.

Perhaps the beginning of wave [iii].

Vasiliy Lukin
FreshForex Analyst
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