Log in

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
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.