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Impulse growth

04 February 2016, GBP/USD

The Pound is trying to keep up with its rival through the continent and also take an advantage of a sudden weakness of the US dollar.

We assume that the wave iii of the upward momentum is being formed.

At the moment, the momentum is far from being complete, so in the near future we can expect further growth of the pair.

So the wave of the ascending impulse is supposedely being formed and inside it iii is developing.

Impulse growth

Vasiliy Lukin
Analyst of «FreshForex» company
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