Quick Update on GBP/USD
Here’s a quick update on the GBP/USD currency pair. Click on the chart twice to enlarge. It looks like cable is carving out an expanded flat for wave 2 green, which will delay the resumption of strong downward movement for a couple of days. Explanations and invalidation points are on the chart. Sid
Elliott Wave Analysis of the GBP/USD (British Pound) Currency Pair by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the GBP/USD (British Pound) Currency Pair by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. It is difficult to imagine a more bearish Elliott Wave scenario for the British Pound right now. The same goes for the Euro. The charts speak for themselves. The ramifications of the strengthening dollar […]
Elliott Wave Analysis of the GBP/USD Currency Pair by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the GBP/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the charts twice to enlarge. The British Pound appears likely to be making one last push to the upside. The target zone for the end of the rally that started in mid-January is essentially between 1.625 and 1.63. Once an upward […]
Elliott Wave Analysis of the GBP/USD Currency Pair by Sid from ElliottWavePredictions.com
Elliott Wave Analysis of the GBP/USD Currency Pair by Sid from ElliottWavePredictions.com. Click on the chart twice to enlarge. The British Pound (vs. the US Dollar) has carved out what appears to be a completed expanded flat for wave 2 black, where wave B blue was 1.382 times the length wave A blue traveled, and […]