Log in

A rapid impulse decline may begin

15 July 2016, GBP/USD

The pair not only does not drop, but growing up slightly. So far, the movement seems to be corrective, so the wave frame is bearish by nature. So, yesterday's growth was boosted by completion of the wave ii of zigzag. Thus, the price has finished formation of the wave ii of [iii] of the downward momentum and is now we expected impulse decline of the pair to resume.

Vasiliy Lukin
Analyst of «FreshForex» company
See also:
Agree with the review?
Traders' opinion:

Do you have any suggestions to make our website better? Have you noticed an error on the site? Tell us

Tell us

Your browser does not support cookie. If cookie is disabled in your Internet browser, you may have problems with rendering Personal area. How to enable cookie support.