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Supposedly the corrective decline of the pair is over

06 November 2015, GBP/USD

The pound did not stand the pressure from sellers and strongly receded from its position, which led to a strong decline and updating the previous minimum. However, there is a chance that this decline was due to the development of the wave with of [ii], the beginning upward impulse. Thus, soon we can expect for the resumption of impulse growth of the pair within the development of wave [iii].Supposedly the corrective decline of the pair is over

Vasiliy Lukin
Analyst of «FreshForex» company
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