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Vacations for correction

21 March 2016, GBP/USD

Now there is nothing to be concerned about, when it comes to the pair GBP/USD. As is the case with the euro, the pair is probably at the corrective stage.

On the chart below we can easily identify the upward momentum represented by the wave 1 of iii.

Thus, this correctional decline is expected to last for some time, in any way at the moment it is at the initial stage of its development.

In this situation, it is recommended to take the role of an outside observer, without interfering.

Vacations for correction

Vasiliy Lukin
Analyst of «FreshForex» company
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