manager photo
Ask a question
We will be pleased to answer any questions you may have
Write Call
Close
Log in

The pair is lost

17 May 2016, GBP/USD

Pound began to actively grow.Bears were not ready to it and the pair had easily come back into the framework of correction, from which the price seemed to start getting out.

At the moment, it is unclear what is going on. I am in favor of the scenario with ongoing correction in the framework of development of the wave [ii] of the emerging downward momentum. Therefore, the price is going to resume its downward movement soon.

However, I remind you that the situation is extremely complicated so trading for this pair is not necessary now.

Vasiliy Lukin
FreshForex Analyst
See also:
Agree with the review?
Traders' opinion:
Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with accessing Client Area. How to enable cookie .