GBPUSD Archives

GBPUSD 27th June, 2019

We continue to look for signs to suggest that the countertrend retreat has run its course. We will allow for lower as long as the main hourly count’s confirmation point remains intact.

GBPUSD 25th June, 2019

The depth of the decline, favors the idea that the first leg of the advance is complete and that a corrective countertrend pullback is underway. The bottom line remains that retreats should prove corrective, paving the way for further advance.

GBPUSD 17th June, 2019

Cable continued to score lower lows, confirming the alternate scenario. At this stage, any bounce should prove corrective, setting the stage for further decline.

GBPUSD 10th June, 2019

The post above the main hourly count’s confirmation point is in line with the bullish outlook. We still want to see further impulsive advance to favor the bullish stance. We should keep in mind that the alternate hourly count does not provide the best fit.

GBPUSD 5th June, 2019

Cable continued to inch up, supporting the bullish outlook. We will continue to look for higher highs as long as the main count’s invalidation point remains intact.

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