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Anticipating the third wave of the rising impulse!

Anticipating the third wave of the rising impulse! | 25 March 2016

25 March 2016, GBP/USD

Along with US dollar, Pound decided to go to a local Low, where, we expected a rebound to begin.

At present, buyers have more chances, even though recently they have given their positions.

Decline had a corrective nature and was formed as the wave 2 of the emerging upward impulse.

So, it turns out that soon we expect resumption of impulse of growth of the pair as part of the wave 3.

Based on these considerations,I opened another Buy trade.

Vasiliy Lukin
FreshForex Analyst
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