A deeper impulse decline | 06 Juli 2016
06 Juli 2016, GBP/USD
The pair resumed its downward movement having updated its Low. Thus, development of the wave [iii] of the descending impulse began. At the moment, these waves look incomplete, so there is a good potential for a deeper impulse decline.
However, at the moment, there is an attempt to grow, it is likely to be a correction. Thus, expectations of the considered pair remain the same, namely, continuation of the impulse decline within development of the wave [iii].
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.
