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Wave 5 of iii continues its development

28 April 2016, GBP/USD

The pound fights for every price level.A small corrective decline led to another wave of the impulse growth.

Probably that was how formation of the wave 5 of iii of the upward momentum continued.

Obviously, High will be updated again and only then bulls will calm down. After that a corrective decline will begin in the development wave iv .

In the meantime, we need to be patient and wait for when activity of buyers has will reduce.

Vasiliy Lukin
Analyst of «FreshForex» company
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