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Another rising wave

18 March 2016, GBP/USD

In its difficult relationship with the US dollar, Pound is trying to keep up, and in some aspects is even ahead its continental counterpart - euro.

The price has continued to steadily move up and the picture that we see on the chart now is not the limit.

We assume that currently the correctional fourth wave within the wave 1 is being formed.

Thus, in the future we will have the fifth bullish wave under this wave 1.

In the near future it will be possible to start to sell, because correction is already brewing, and judging by character of the upward movement, this dropping correction will be good.

Vasiliy Lukin
Analyst of «FreshForex» company
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