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Impulse growth continues

10 February 2016, GBP/USD

The probability of developing of the upward impulse is still here, although in the case of further decline the upward scenario will be canceled.

But as long as it does not happen, there is a chance for extension in the wave iii. We can try to open a deal with a short Stop Loss cautiously, in this case the potential loss is small against the potential profit.

Thus, we expect impulse growth growth of the pair in the near future.

Impulse growth continues

Vasiliy Lukin
FreshForex Analyst
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