Extension in the wave 3 of a downward momentum | 11 5月 2016

11 5月 2016, GBP/USD

Yesterday the pair was ready to go down within the development of the wave 3 of a downward momentum, but in the end correction continued its development.

It is possible that this is due to the upcoming extension in this wave. If this assumption is correct, the wave 3 will be extended. In the near future we expect a rapid and extended impulse downward movement.

GBP\USD.

Vasiliy Lukin
FreshForex公司的分析员
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