Reversal is expected | 18 January 2016

18 January 2016, GBP/USD

As for this pair, if reversal did not happen, then it is quite close to implementation.

We assumed that by now the wave v of [c] of (y) of a Double Zigzag has been formed.

So, if this assumption is correct, in the near future we will expect reversal and beginning of growth of the pair.

Based on these expectations, I opened a Buy transaction

Reversal is expected

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.

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Vasiliy Lukin

FreshForex Analyst

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