Resumption of impulse growth is possible | 08 December 2015
08 December 2015, GBP/USD
This pair is also developing a corrective pullback. We assume that this correction is caused by development of the second wave of the emerging upward impulse.
At the point at which the price is now based, we can look for the entry point to open new purchases.
From this point, it is possible that the upward movement will be resumed caused by the development of the third wave of momentum.
Thus, in the near future resumption of the upward impulse growth is likely
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.
