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Into the third downward impulse wave

10 May 2016, GBP/USD

We probably expect a continued decline.

Besides, I expected that the downward movement will take place within the frames of the descending impulse wave 3, so I expect quite a good movement. Thus, sales are relevant like never before and there is a good potential for profit-taking, which we shall take advantage from

We probably expect a continued decline.

Besides, I expected that the downward movement will take place within the frames of the descending impulse wave 3, so I expect quite a good movement. Thus, sales are relevant like never before and there is a good potential for profit-taking, which we shall take advantage from

Vasiliy Lukin
Analyst of «FreshForex» company
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