The British Pound has grown reaching the level of 1.5770. It is assumed that at the moment the formation of the fifth wave of the junior level (v) of v of A is nearing completion, while the wave A is the “bullish” correction of the senior level. If this assumption is correct, the pair is likely to reverse in the near future and go down to the levels of 1.5400–1.5300.
read more >>LiteForex - Analytics