Mar 16, 2015

Wave Analysis 16.03.2015 Great Britain Pound vs US Dollar
FXTM Online Analysis Department.


GBP USD, “Great Britain Pound vs US Dollar”

Pound has almost finished wave [iii] of 5 of (1). In the near term, the pair is expected to reach a new local low and start a correction inside wave [iv] of 5 of (1).





In order to complete wave [iii] of 5 of (1), the price needs to reach a new local low. Later, the pair may start a sideways correction onside wave (iv) of [iii] of 5.

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