Wave analysis – Third impulse wave is still evolving

GBPUSD – Flat

As we expected, a sharp decline had a corrective nature and was a part of the wave ii of the supposed upward impulse.

Immediately thereafter the price began to grow boosted by development of the wave iii. At the moment, the price continues the mentioned impulse wave which will obviously evolve further.

Thus, at the moment, purchases remain to be a prior solution

You may check other analytical reviews on the web-site of FreshForex company. Source: freshforex.com.

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