We argued in our article on Dec 30, 2015 titled Will Euro Referendum and Brexit affect GBP that Poundsterling can perform poorly in 2016 due to the domestic and political uncertainty surrounding U.K’s membership in the European Union (Brexit). For brief background about the Brexit issue, you can read the old article from the link above. In the same article, we pick $GBPJPY to extend […]

Short term Elliottwave structure suggests the rally from wave X at 1071.31 is unfolding in a double three where wave ((w)) ended at 1128 and wave ((x)) pullback is in progress to correct rally from 1071.93. Internal of wave ((x)) is unfolding in double correction where wave (w) ended at 1111.3, wave (x) ended at […]

Short term Elliottwave structure suggests the rally from wave X at 1071.31 is unfolding in a double three where wave ((w)) ends at 1109.6, wave ((x)) ends at 1092.29, and wave ((y)) is currently in progress. Internal of wave ((y)) is also unfolding as a double three where wave (w) ended at 1117.64, and wave (x) […]

Short term Elliottwave structure suggests the rally from 107.31 is unfolding in a double three where wave ((w)) ends at 1109.6, wave ((x)) ends at 1092.29, and wave ((y)) is currently in progress. Internal of wave ((y)) is also unfolding as a double three where wave (w) ended at 1117.64, and wave (x) pullback is proposed complete […]

Rally from wave X at 107.31 is in 5 swing which suggests an incomplete sequence and likely need further upside in 7 swing. The rally from 107.31 is unfolding in a double three where wave ((w)) ends at 1109.6, wave ((x)) ends at 1092.29, and wave ((y)) is currently in progress. Internal of wave ((y)) is also unfolding […]

The Bank of Japan (BOJ) will have a meeting this week on Friday, Jan 29 to decide on monetary policy and they are going to have a tough decision to make. Having introduced asset purchase program in 2013, dubbed as QQE (Quantitative and Qualitative Easing) and then in 2014 expanded the program to 80 trillion Yen ($665 billion) per year, […]