Third impulse wave is still evolving | 29 January 2016
29 January 2016, GBP/USD
As we expected, a sharp decline had a corrective nature and was a part of the wave ii of the supposed upward impulse.
Immediately thereafter the price began to grow boosted by development of the wave iii. At the moment, the price continues the mentioned impulse wave which will obviously evolve further.
Thus, at the moment, purchases remain to be a prior solution
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.
