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Resumption of impulse growth is possible

08 December 2015, GBP/USD

This pair is also developing a corrective pullback. We assume that this correction is caused by development of the second wave of the emerging upward impulse.

At the point at which the price is now based, we can look for the entry point to open new purchases.

From this point, it is possible that the upward movement will be resumed caused by the development of the third wave of momentum.

Thus, in the near future resumption of the upward impulse growth is likely

Resumption of impulse growth is possible

Vasiliy Lukin
Analyst of «FreshForex» company
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