The pair forms a triangle

09 November 2015, GBP/USD

There is a difficult situation with pound/dollar. British currency dramatic receded from a position like euro. It led to decline. We had to change eye markers for this pair. Thus, according to new variant, (ii) wave is positive and it formed with (ii) wave in diagonal. If this forecast is correct, there will be a strong upward trend after small decrease.

The pair forms a triangle

Vasiliy Lukin
FreshForex Analyst
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