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Anticipating the third rising impulse wave

Anticipating the third rising impulse wave | 29 March 2016

29 March 2016, GBP/USD

The British currency is much more mobile than the euro, and therefore its movement in tandem with the dollar far more sweeping.

However, this growth can not be regarded as the pure impulse growth, so remains a possibility that the upward movement has a corrective nature and further decline of the pair may resume.As long as it did not happen, we will build based on the bullish scenario, the more that experience is nothing, because the transaction is already in the profit zone.

Thus, in the near future we expected a continued impulse growth of the pair under the wave 3.

Vasiliy Lukin
FreshForex Analyst
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