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Third impulse wave is still evolving

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

Third impulse wave is still evolving

Vasiliy Lukin
FreshForex Analyst
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