The wave v of the falling impulse is expected to develop
25 February 2016, GBP/USD
The considered pair is still forming the wave [v] of the downward momentum.
The chart clearly shows the internal structure of this wave, which itself takes the impulse form.
Perhaps now the wave iii of [v] is finishing its development.
In the near future we expect a small corrective rebound, whereupon decline will still have potential for development
Vasiliy LukinAnalyst of «FreshForex» company
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