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Correction continues its formation

Correction continues its formation | 26 October 2015

26 October 2015, GBP/USD

The pound also could put nothing against the onslaught of the US currency, which suddenly upsurged and began to behave actively.

In the end, the pair began to sink deeper and deeper, but so far it looks like a corrective decline within the framework of the wave [ii] of the rising pulse.

If this assumption is correct, in the future we can expect a continuation of the said correction, after which the upward movement resumes.

Correction continues its development.

Vasiliy Lukin
FreshForex Analyst
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