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Impulse growth

26 January 2016, GBP/USD

The Pound began to wake up and has formed the lead-in upward impulse wave.

Now, in the near future, we are more likely to expect a continuation of impulse growth of the pair.

It is also worth noting that now it is a favorable situation to open long positions, since after the first lead-in wave there was a pullback and thus we have an opportunity to ented based on more favorable prices with a small Stop Loss.

Impulse growth

Vasiliy Lukin
Analyst of «FreshForex» company
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