A correctional flat | 02 Juni 2016
02 Juni 2016, GBP/USD
Yesterday the pair continued to decline due to an ongoing development of the wave 3, which has been formed elongated. Thus, this wave looks complete and in near future we expected correction.
If this assumption is true, in the near future we can expect roughly the same swings as shown on the chart below. It is clear that in this situation it is better to give up any action.
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.
