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Goal of correction almost reached; we expect growth

16 March 2016, GBP/USD

This currency pair has exceeded all expectations.

Price has decreased and practically achieved the aim as we supposed.

Yesterday we had guess that it is irregular correction as a plane in which it isn’t final wave of ii.

Now this wave has practically formed.

I supposed that price wouldn’t reach 61.8% level. It will reach 50% level and correction.

So I offer to set pending order on buy (buy stop) at price 1.4170 and wait for price moving.

 Correction aim is practically achieved we are expecting growth!

Vasiliy Lukin
Analyst of «FreshForex» company
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