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Third impulse wave is still evolving

08 February 2016, GBP/USD

The Pound has apparently spent a lot of effort to surge and this caused an almost immediate drop.

It is most likely that current slipping of the price has a corrective nature.

If this assumption is correct, in the future we can expect resumption of impulse growth of the pair within the borders of the wave iii.

Third impulse wave is still evolving

The Pound has apparently spent a lot of effort to surge and this caused an almost immediate drop.

It is most likely that current slipping of the price has a corrective nature.

If this assumption is correct, in the future we can expect resumption of impulse growth of the pair within the borders of the wave iii.

Vasiliy Lukin
Analyst of «FreshForex» company
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