Probably, the correctional growth is being formed | 29 Juni 2016
29 Juni 2016, GBP/USD
The pair is timidly moving up and this movement can last a long time. Probably, it is caused by the correctional wave [ii] of the emerging downward momentum. Also, we do not exclude that the correction will take a complex structure that will lead to a long-term correction in the flat direction.
Therefore, in this situation, we can try cautious purchases with protective stop loss order set on a local or absolute Low.
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.
