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Purchases remain relevant

Purchases remain relevant | 03 December 2015

03 December 2015, GBP/USD

The pound did much sharper than US dollar, letting bears to push down the price.

The result was not only update of the Low, but breakdown of the bottom side of the intended end of the diagonal triangle.

It seems that this breakthrough has a false character, and therefore, in the near future we can expect beginning of impulse growth of the pair caused by development of the wave (iii) of the upward momentum.

Purchases remain relevant

Vasiliy Lukin
FreshForex Analyst
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