Cable traded on up in a choppy manner, in line with the idea that the downtrend remains in play. Read More

Whether the corrective bounce from the 1.2014 is taking the form of a triangle correction or a different corrective pattern, remains to be seen. The bottom line remains that the larger degree trend is down. Read More

Cable fell short of our second target by 9 pips before reversing gears. The working assumption is that any bounce should prove corrective, paving the way for further decline. Read More

The bounce from the 1.2079 swing low is in line with the main outlook. The main hourly count suggests that lower lows should lie ahead. Read More

Even though we were in position for a weaker British Pound against American Dollar, the decline was more impulsive than anticipated. We are modifying the subdivisions of the decline from mid March highs to provide the best fit. Read More

The most recent weakness left the complete wave i pink count on thin ice, suggesting that lower lows remain in store for wave i pink. Read More

We continue to look for signs to support the idea that an interim bottom has been registered and that a corrective bounce is in progress. Read More

Cable advanced as anticipated in line with the main hourly count. We still want to see further rally to favor the bullish outlook. Read More

GBPUSD traded on down, confirming the alternate count and it was 3 pips shy of our target zone. This count suggests that the downtrend is not over, in fact, it suggests that it is far from complete. However, a corrective bounce seems in the cards for Cable before resuming its downtrend. Read More

Cable advanced past the main hourly count's confirmation level but we are not out of the woods just yet. We still want to see a five-wave advance from the 1.2443 level, preferably above the main count's final confirmation point to suggest that we are on the right track. We are adding an alternate daily count which suggests that the downtrend is far from complete. Read More