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Drop does not seem to exhaust its potential

15 January 2016, GBP/USD

The considered pair remains under pressure of sellers and meanwhile the situation makes us expect another bearish wave in the future.

Probably this drop is caused by development of zigzag, in which at present the wave [c] is being formed and took a proper impulse shape.

So, if this assumption is correct, in the near future we can expect drop caused by development of the wave v of [c] of (y).

Drop does not seem to exhaust its potential

Vasiliy Lukin
Analyst of «FreshForex» company
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