Log in

Beginning of the third wave of decrease impulse

29 August 2016, GBP/USD

British currency reacted on Yellen’s speech less emotion than EUR and JPY.

But it was enough and bears could pull price down. Our suppose is correct and the 2 wave has formed and has shape of simple zigzag.

We can observe pair decrease which is probably beginning of 3 wave of decrease impulse.

This wave is located first stage of its development. This situation gives possibility of opening short deals with minimum risk and good potential profit.

In this moment sell on this pair is the best choose for trading.

GBP\USD. The beginning of the third wave of decrease impulse has started.

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.