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Development of a horizontal triangle is about to be over

Development of a horizontal triangle is about to be over | 28 July 2016

28 July 2016, GBP/USD

At the moment, the pair is growing, which is accossiated with development of the final wave e of [b]. So in the future, when the price reaches the target - the top of the triangle - we should start to look closely to sales, because in the future impulse drop of the pair is likely.

At the moment, the pair is growing, which is accossiated with development of the final wave e of [b]. So in the future, when the price reaches the target - the top of the triangle - we should start to look closely to sales, because in the future impulse drop of the pair is likely.

Vasiliy Lukin
FreshForex Analyst
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