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Impulse growth is expected

23 November 2015, GBP/USD

Happened something what I feared of: though the Pound had been holding the line against bears, at last it could not resist, which resulted in a short but rapid decline.

In this situation, it is possible that decline has a corrective nature and is represented by the wave ii of the emerging upward impulse.

In this case, in the near future we can expect beginning of growth in the development of the wave iii of the upward impulse.

With the first sign of the beginning growth, I will open a Buy trade.

Vasiliy Lukin
Analyst of «FreshForex» company
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