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Decline is not over

26 February 2016, GBP/USD

Though the Pound began to resist, but we cannot talk about reversal.

We assume that now the inner correction within the framework of development of the wave iii of [v] of the descending impulse is being formed.

Thus, in the future we expect a little flat, then the pair will continue to decline.

But it is worth noting that the decline is expected to be short, since the development of the descending impulse is about to be over.

Decline is not over

Vasiliy Lukin
Analyst of «FreshForex» company
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