GBPUSD

GBPUSD: Getting Ready For Action!

In the previous analysis, the main count expected upwards movement while the alternate count focused on the downwards probabilities for Cable.

Cable confirmed the alternate count and both targets were reached and exceeded.

This week`s main count expects Cable to continue downwards while the alternate count expects upwards corrective movement before resuming the downtrend.

EURUSD: A Good Week for a Decline?

It was a slow and uneventful day for the euro, as price moved towards the upside (as expected), although its movement came short of our expected targets.

Considering the short span of this movement, as well as its finer details on the hourly chart (which we cover daily in our premium service), it now seems more likely that price still hasn’t finished its medium-term downtrend.

We’re updating our counts to reflect the most recent price action and to present tighter targets and invalidation points.

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