Preferred view is that mid-term peak has formed at 1.5123, wave A completed @ 1.4464 and wave B  in progress toward 1.4700 – 1.4750 area from where the decline should resume. We don’t like buying the pair in proposed push higher as the move up from the low is so far in 3 waves. Click HERE to […]

EURGBP is close to ending a cycle on 1 hour time frame. Short-term pair is consolidating in a triangle which is valid as far as price stays above 0.8327 low. As this level holds, expect a push higher toward 0.8400 – 0.8420 area to complete wave A and a pull back in wave B should […]

Preferred view is that a mid-term low has formed @ 0.8153 and completed wave (( B )) on the daily time frame. Pair is in wave ( v ) of (( c )) higher toward 0.8400 – 0.8420 region  to complete wave A. After that pair should make a pull back in wave B which […]

Preferred view is that a mid-term low has formed @ 0.8153 and completed wave (( B )) on the daily time frame. Short-term consolidation is taking the form of a triangle and is valid as far as price stays above 0.8327 low. As this level holds, a push higher toward 0.8400 – 0.8420 region is […]