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Third wave of upward impulse

12 April 2016, GBP/USD

As we know, Pound has a stronger volatility than the euro.

Whereas Euro/US dollar stays within the flat, the Pound is rapidly gaining altitude.

This growth is caused by start of wave 3 of rising momentum.

The pair has a great potential for further movement in this direction.

However, before this happens, we expect a small corrective drop boosted by the internal wave of the wave 3.

If this assumption is true, we should start actively buy the pound against the US dollar soon

Third wave of upward impulse

Vasiliy Lukin
Analyst of «FreshForex» company
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