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We assume that the wave iv is developing

We assume that the wave iv is developing | 22 April 2016

22 April 2016, GBP/USD

GBP/USD turned to much more volatile than the euro/dollar. It also did its part in yestarday's show.

However, when it comes to this pair, these rapid price fluctuations were apparently caused by formation of the wave iii.

This wave was formed in the framework of the final or initial diagonal triangle.

In the nearest time we expect drop of the pair to the trend line, which assumes completion of the wave iv of this model.

On rebound from the trend we should look for the Buy opportunities. Meanwhile, we should actively Sell

Vasiliy Lukin
FreshForex Analyst
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