Hello again, everyone. This is Tamer, filling in for Nady this week.
The pound has spent most of the past 24 hours moving generally sideways with with a slight downward slant. Its movement overall has been very choppy, and can be interpreted in so many different (even conflicting) ways.
The main count still expects the continuation of upward movement, but it’s more important now than ever to stick to the confirmation and invalidation points as strict guideposts until the market clears up a bit.