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Development of the wave iii is expected

26 November 2015, GBP/USD

Pound allowed bears to approach the critical level, but did not allow to break it.

The pair began to rise, possibly due to development of the wave iii of an emerging upward impulse.

So, if this assumption is true, we soon expect impulse growth of the pair, so at the moment purchases are the priority.

Development of the wave iii is expected

Pound allowed bears to approach the critical level, but did not allow to break it.

The pair began to rise, possibly due to development of the wave iii of an emerging upward impulse.

So, if this assumption is true, we soon expect impulse growth of the pair, so at the moment purchases are the priority.

Vasiliy Lukin
Analyst of «FreshForex» company
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