Rally to 141.05 completed wave (W). Since our last update yesterday, there has been no material change yet. Wave Y 0f (X) pullback is still in progress towards 136.86 – 137.6. The internal of wave Y is unfolding in a double corrective structure ((w))-((x))-((y)) where wave ((w)) ended at 138.2 and wave ((x)) bounce is likely […]

Rally to 141.05 completed wave (W). Current revised short term Elliott Wave view suggests wave (X) pullback is unfolding in a double corrective structure W-X-Y. Wave W took the form of a FLAT structure A-B-C where wave A ended at 139.03, wave B ended at 141.03, and wave C of W completed at 137.94. Wave […]

Decline from wave (W) at 141.05 took the form of a FLAT A-B-C where wave A ended at 139.03, wave B ended at 141.03, and wave C of (X) completed at 137.94. From 137.94, the pair rallied in the form of a double corrective structure where wave ((w)) ended at 140.66, wave ((x)) ended at 138.92, […]

Below is a recap of our call and forecast for $GBP/USD from our Chart of The Day post from 6/17/2015 – 6/19/2015. Last week, nothing much changed with the pair as it’s still in progress of completing wave (W) high. You can click the underlined link to view the original post on that date.   $GBP/USD Chart […]

Current short term Elliott wave view suggests rally from 1.5169 is unfolding in a double correction structure W-X-Y where wave W ended at 1.5554 and wave X ended at 1.5419. Wave Y is in progress and unfolding as a triple correction structure ((w))-((x))-((y))-((x))-((z)) where wave ((w)) ended at 1.56, wave ((x)) ended at 1.5484, wave ((y)) ended at 1.5756, second […]

Revised view suggests rally from 1.5169 is unfolding in a double correction structure W-X-Y where wave W ended at 1.5554 and wave X ended at 1.5419. Wave Y is in progress and unfolding in a triple correction structure ((w))-((x))-((y))-((x))-((z)) where wave ((w)) ended at 1.56, wave ((x)) ended at 1.5484, wave ((y)) ended at 1.5756, second wave ((x)) […]