21 July 2015, GBP/USD
As for this pair, everything is relatively calm.
The wave 1 of [iii] has supposedly formed. At present, correction is developing which seems to be represented by the wave 2.
So, in the nearest time we expect that the above-mentioned correctional wave will develop. Though buyers may attempt to switch to an active phase of purchases which will lead to beginning of a strong impulse growth represented by the wave 3 of an ascending impulse. Watch carefully so you cannot miss the chance to enter into a Long position.
For that, you can use a pending Buy order established just above a local High.
![Development of the wave 2 of [iii] is about to complete](/netcat_files/Image/gbpusdh4(698).png "Development of the wave 2 of [iii] is about to complete")
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