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Probably, the correctional growth is being formed

29 June 2016, GBP/USD

The pair is timidly moving up and this movement can last a long time. Probably, it is caused by the correctional wave [ii] of the emerging downward momentum. Also, we do not exclude that the correction will take a complex structure that will lead to a long-term correction in the flat direction.

Therefore, in this situation, we can try cautious purchases with protective stop loss order set on a local or absolute Low.

Probably, the correctional growth is being formed

Vasiliy Lukin
Analyst of «FreshForex» company
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