We assume that a correctional wave 2 is developing | 20 July 2015
20 July 2015, GBP/USD
The wave 1 of [iii] of an ascending impulse has supposedly formed.
We assume that correction has started if we take into account that the passed trading day was still for the pair..
We don't think that flat is the end configuration and that the price will attempt to fall.
Anyway, it is better to refuse from trading at this moment because we can have strange surprises.
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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.
