A correctional growth

28 June 2016, GBP/USD

Perhaps, before the referendum the considered pair had formed correction shaped as the plane. Right after completion of the said corrective model, there was an abrupt downward movement, which obviously had an impulse character. It can be the wave [i] of the emerging impulse model. So, in the near future it is a corrective growth is possible, during which the wave [ii] will be formed.

Vasiliy Lukin
FreshForex Analyst
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