Reversal took place | 22 January 2016
22 January 2016, GBP/USD
The considered pair did something we expected for so long: the price has reversed.
This has happened as usual, through a sharp surge in activity of sellers, followed by at least an active response of buyers immediately after playing a sharp decline.
So, we assume that development of the wave v of [c] is over.
Now, we obviously expect impulse growth of the pair.
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.
