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The situation has two equivally probable options

11 February 2016, GBP/USD

The situation remains uncertain, moreover, there are two equivally probable versions of events.

The first option implies extension in the wave iii of the emerging momentum and strong growth of the pair.

The second one assumes that at the moment the correctional wave [iv] is the downward momentum and in the form of flat. In this case, in the near future we expect update of lows, whereupon reversal will take plance followed by growth.

To make the right decision, I recommended to wait for clarification of the situation, although you can try to open a transaction relying on any of these two options

The situation has two equivally probable options

Vasiliy Lukin
Analyst of «FreshForex» company
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