GBPUSD spent a lot of time consolidating between 1.6842 – 1.6758 before breaking higher. Let’s take a look at some Elliott Wave Analysis charts from members area to see how pair hit equal legs target @ 1.6767 offering a buying opportunity. 4.22.2014 Mid-day NY update   4.23.2014 NY update   4.23.2014 Mid-day NY update   […]

Preferred view now is that dip to 9655 completed wave ((B)) and wave ( X ) low is also proposed to be in place at 9984. Wave (( a )) completed at 10530 and dip to 10248 completed wave (( b )). As this level holds, expect more upside toward 10581 (0.618 ext) followed by […]

Preferred view now is that dip to 9655 completed wave ((B)) and wave ( X ) low is also proposed to be in place at 9984. Wave (( a ))  high is in place at 10530 and wave (( b )) pull back is in progress. This pull back can reach as low as 10188 […]

Break of 0.8227 low opens another extension lower in the pair and 0.8310 becomes wave (( x )). Preferred Elliott wave count is that wave (( a )) has almost completed and wave (( b )) bounce is now expected to fail below the trend line for continuation lower toward 0.8105 – 0.8142 region. We […]

Recovery from 1.4468 low is still in progress. 1.4828 was the end of wave A and dip to 1.4630 was wave B. Pair can reach as high as 1.4864 – 1.4879 to complete wave (( a )) before we get a pull back in wave (( b )) and higher again. We don’t like selling […]