A correctional growth | 17 August 2016
17 August 2016, GBP/USD
The pair had been slowly crawling to the Low and showed that it was about to collapse. But nothing of the sort, the price has decided to start growing. It is likely that this growth has a corrective nature and is the wave 2 of the downward momentum.
So, if this assumption is true, in the near future we expect a slight surge, whereupon the pair will draft missing waves of the impulse pattern.
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.
