GBPUSD 7th March, 2016

Cable unfolded upwards and it has not reached either count`s confirmation point. Even though the main daily count remains a valid technical possibility, but -at this stage- it provides no practical short term value, therefore we are focusing in today`s analysis on the alternate count since it provides short term opportunities. Today`s main count expects …

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EURUSD: A Moderate Upwards Correction Ahead

As expected the euro continued moving strongly towards the downside, reach both our first and second targets, and exceeded them by 25 pips.

Since price has been moving largely as expected and well according to the rules and guidelines of Elliott Wave analysis, we would now expect to see a moderate sideways-to-upwards correction that should last for two or more weeks.

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

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