It's time to prepare to buy | 19 January 2016

19 January 2016, GBP/USD

The Pound is slowly maturing, continuing to retreat its positions and wait for the right moment to run a counter-attack.

In addition, the situation favors beginning growth, cause we assume that at present the wave v of [c] of (y) is being formed.

So if this assumption is true, in the near future, a small drop of the price will be followed by a sharp beginning of impulse growth.

By now I have already opened one Buy trade, let's see how events will develop further.

It's time to prepare to buy


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.
Vasiliy Lukin
FreshForex Analyst
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