Correction is expected to develop | 22 September 2015
22 September 2015, GBP/USD
After facing a fierce respond, the pound cannot collect itself.
Bears actively take advantage of that and forced the price down almost for 200 points from the local Low.
It seems that thid decline is caysed by correction shaped by the wave iii.
Mentioned impulse wave is supposed to be formed as extension. So soon we can expect a sharp reversal and impulse growth.
So far, that has not happened and we have to be patient waiting for a more favorable situation.
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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.
