Log in

Impulse consolidation of the Pound

04 December 2015, GBP/USD

As we supposed, breakdown of the bottom of the diagonal triangle was false.

The price almost immediately returned to the starting point and at the same time updated the local High.

Therefore the wave (iii) of the upward momentum is being formed.

If this assumption is true, in the near future we can expect a continuation of impulse growth of the pair.

Impulse consolidation of the Pound

Vasiliy Lukin
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.