GBPUSD Archives

GBPUSD 3rd June, 2019

Cable inched up in line with the idea that a bottom has been registered. We still want to see a push above the main hourly count’s confirmation point to gain confidence in the bullish case.

GBPUSD 30th May, 2019

Cable followed the alternate scenario and the cited target was reached and exceeded. Whether a bottom is in place, remains to be seen.

GBPUSD 28th May, 2019

The most recent decline leaves the bullish outlook on thin ice. We will main the bullish outlook as long as the main count’s invalidation point holds.

GBPUSD 27th May, 2019

Cable’s advance is in line with the idea that a bottom is in place and that higher highs are in store before resuming the larger degree downtrend.

GBPUSD 23rd May, 2019

Cable drifted to lower lows, tagging the middle of the cited target zone before reversing gears. Whether a bottom is in place, remains to be seen.

GBPUSD 21st May, 2019

Cable extended its decline and the cited target was reached and exceeded. We will continue to look for lower lows as long as the main hourly count’s invalidation point remains intact.

GBPUSD 17th May, 2019

GBPUSD inched down and the cited target has yet to be reached. We will continue to look for lower lows as long as the hourly count’s invalidation point holds.

GBPUSD 16th May, 2019

Cable extended its decline, reaching and exceeding the cited target level. We will continue to look for lower lows as long as the hourly count’s invalidation point holds.

GBPUSD 14th May, 2019

Cable continued its decline, invalidating the main hourly count and in the process, implying that the countertrend retreat has yet to run its course. The near-term focus is on the downside and as always we will let the market decide the highly probable count.

GBPUSD 10th May, 2019

No evidence yet to suggest that the countertrend retreat we have been tracking has run its course and that the larger degree uptrend has re-emerged. We will wait for the main hourly count’s confirmation point to be reached, to gain confidence in the bullish interpretation.

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