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Goal of correction almost reached; we expect growth

Goal of correction almost reached; we expect growth | 16 March 2016

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
FreshForex Analyst
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