17 August 2016, GBP/USD
The pair had been slowly crawling to the Low and showed that it was about to collapse. But nothing of the sort, the price has decided to start growing. It is likely that this growth has a corrective nature and is the wave 2 of the downward momentum.
So, if this assumption is true, in the near future we expect a slight surge, whereupon the pair will draft missing waves of the impulse pattern.
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