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We expect the first bullish wave

We expect the first bullish wave | 06 January 2016

06 January 2016, GBP/USD

The Pound continues to be stay in the hands of bears.

The price, though without much enthusiasm is slowly slipping down.

So, development of the wave v of [c] of (ii) has been obviously completed. This wave is the part of the final diagonal triangle.

At the moment, we can only wait for the first lead-in rising move to start to opening Buy trades

We expect the first bullish wave

Vasiliy Lukin
FreshForex Analyst
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