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The wave (b) of zigzug of the senior level may be formed

11 January 2016, GBP/USD

The pound still can not find enough strength to adequately respond to oppression of the US currency.

The low of April 2015 has been successfully updated, but bulls still can not seize the initiative and this is despite the fact that the euro has strengthened against US the dollar.

It is possible that this behavior is due to the fact that the wave (b) of zigzag has not been completed.

In this case, soon it is likely to be formed finally and growth will start, but buying shall be done very cautious, cause it is even impossible to transfer them to breakeven

The wave (b) of zigzug of the  senior level may be formed

Vasiliy Lukin
Analyst of «FreshForex» company
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