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Ready to resume an upward impulsive move

Ready to resume an upward impulsive move | 09 December 2015

09 December 2015, GBP/USD

Once again, the Pound has proved that it is a far more volatile currency than the euro is.

Staying within the assumed correction, the price dropped quite well thereby forming correction 61.8% from the previous upward movement.

So, it was supposedly a correctional wave.

In the future we expect resumption of the impulse growth, in which the third wave of momentum will be formed.

Based on these expectations, I opened two Buy trades.

Ready to resume an upward impulsive move

Vasiliy Lukin
FreshForex Analyst
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