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Correctional drop caused by the second wave of a beginning rising impulse

07 March 2016, GBP/USD

Pound has strengthened rapidly. This rising movement couldn’t stay unnoticed so we are expecting a further correctional decrease.

If the possibility is correct, we shall be expecting further decrease because of the forming second wave of the beginning rising impulse.

But it isn’t a good time for sell - it is better to look for the possibilities to buy.

Correctional drop caused by the second wave of a beginning rising impulse

Vasiliy Lukin
Analyst of «FreshForex» company
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