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Formation of the third impulse wave!

Formation of the third impulse wave! | 17 September 2015

17 September 2015, GBP/USD

Following to a short but deep correction, the Pound has resumed its rapid strengthening against the US currency.

This is associated with formation of the wave iii of the upward impulse.

So far, development of this impulse wave is not complete, therefore, we expect continuation of growth of the pair.

My previosely opened Buy trade is in the break even now, goal of the trade - 1.5800 - remains the same.

There is a formation of a third pulse wave!

Vasiliy Lukin
FreshForex Analyst
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