Wave 5 of iii continues its development | 28 April 2016
28 April 2016, GBP/USD
The pound fights for every price level.A small corrective decline led to another wave of the impulse growth.
Probably that was how formation of the wave 5 of iii of the upward momentum continued.
Obviously, High will be updated again and only then bulls will calm down. After that a corrective decline will begin in the development wave iv .
In the meantime, we need to be patient and wait for when activity of buyers has will reduce.
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.
