A strong movement is anticipated | 02 Agustus 2016
02 Agustus 2016, GBP/USD
The price has almost stopped moving up and down, indicating that an abrupt movement is coming soon. Correction did not complete horizontal triangle, which lacks the final wave e. That is why in the near future we still expect a correctional surge to the top of the triangle, from where the price will choose an extended decline.
However, in the event of a sharp downward movement, we may try to start to sell by a market order.
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.
