Sales under the wave iv | 25 April 2016
25 April 2016, GBP/USD
As the US currency is pressing up its rivals, the pound is more or less consolidating.
This is probably because of unfinished formation of the wave iii of rising momentum.
However, in the course of this growth the price updated the local High.
Thus, in the near future we should expect drop of the pair within the framework of development of a correctional wave iv.
Based on these considerations, I've opened a Sell trade with a view to the trend line.
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.
