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In correctional decrease

22 March 2016, GBP/USD

Buying interest has finished on this pair but probably it is temporary and has connection with correction development in limits of development wave 2.

Now inside structure of this wave is uncertain. It is hard to say is it finished correction or it is first part of correction model. So I wouldn’t make early conclusions.

That is why I recommend to observe development of situation from side.

Extra deals on buy we can open after renew price maximum. In future we suppose forming of wave 3 of rising impulse.

 In correction decrease.

Vasiliy Lukin
Analyst of «FreshForex» company
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