The pound has a chance to rebound | 25 سبتمبر 2015
25 سبتمبر 2015, GBP/USD
Decline in this pair continued, which led the price to a critical level, the breakdown of which canceled the considered scenario.
However, the downward movement was rather smooth without significant pullbacks, so the the price is likely either to bounce off local Low, or develop the wave iii of upward impulse.
Thus, there is a good opportunity to make purchases with a good risk/profit ration, which you should use.
Basis on this, I opened a Buy trade.
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The author's opinion reflects their personal view and is not an investment recommendation. The company is not responsible for any trading results based on the provided analytical data.
