16 August 2016, GBP/USD
The price has approached the Low, we can expect a rebound from these levels. But meanwhile the wave picture is bearish and it is clearly not finished, so in the near future we still expect a drop within the wave [c] of an assumed zigzag. However, opening positions at the moment is not necessary, it is better to see how the price reacts to level.
We are constantly improving our website quality. If you have any suggestions on how to make our website better or noticed an error on the website, please tell us