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It is time for a correctional development of wave iv of [v]

02 March 2016, GBP/USD

Correction of the pound continues because of developing of iv wav of [v].

For making full structure, the price should go according lines which has been drawn on the chart.

As we can see from the chart, after correction we are expecting restart of the pair's drop because of forming of the final wave v of [v] the downward impulse.

It is better not to buy now.

It is time for a correctional development of wave iv of [v]

Vasiliy Lukin
Analyst of «FreshForex» company
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