Third wave of upward impulse | 12 أبريل 2016
12 أبريل 2016, GBP/USD
As we know, Pound has a stronger volatility than the euro.
Whereas Euro/US dollar stays within the flat, the Pound is rapidly gaining altitude.
This growth is caused by start of wave 3 of rising momentum.
The pair has a great potential for further movement in this direction.
However, before this happens, we expect a small corrective drop boosted by the internal wave of the wave 3.
If this assumption is true, we should start actively buy the pound against the US dollar soon
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.
