Ascending movement has a great potential | 15 June 2015
15 June 2015, GBP/USD
By all appearances, this pair is expecting development of elongation in the wave iii.
This is proved by the fact that supposedly at present moment ascending impulse is ending its formation, in particular, the wave[i] of iii.
Meanwhile, only the formed wave is the wave 3 of [i] of iii. So, in the nearest time a slight correction is most likely. After that, the pair will renew its movement in ascending direction.
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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.
