Posted on May 19, 2015 10:01
Great British Pound lowered on 2nd consecutive After, the completion of huge impulse wave 5, the corrective ABC pattern has been started. Sterling has started its first impulse wave from price area 1.4600 on 13th April,2015, the fifth wave is too long, so it’s expected that now the corrective waves pattern will be started. Furthermore, yesterday this pair was unable to cross the resistance area 1.5825, this resistance is still valid.
Furthermore, the resistance level 1.5825 worked well and this pair is now getting lowered day by day.