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GBPUSD

GBPUSD 18th November, 2013

On Monday`s session the pound unfolded towards the upside confirming the alternate count and the pound fell short of the specified target by 2 pips before reversing directions and moving towards the downside. We have two counts today and the main count expects the pound to unfold towards the downside in a motive manner while …

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GBPUSD

GBPUSD – Cable: Upwards Correction or Uptrend Continuation !! (15-Nov-2013)

The pound started this week by moving towards the downside confirming the main count before reversing directions and moving towards the upside invalidating the main count.

We are modifying the main count according to the latest price action and we are adding an alternate count which expects that the pound has more to offer towards the upside.

We will wait for either count`s confirmation point to be reached to determine the highly probable count.

GBPUSD

GBPUSD 15th November, 2013

On Friday`s session the pound reached the main count`s confirmation point before moving towards the upside invalidating the main count. Today`s main count assumes an expanded flat correction for wave B purple is underway while the alternate count expects that wave C purple is unfolding towards the upside. We will wait for either count`s confirmation …

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EURUSD 15th November, 2013

On Friday the euro made what seems like a clear impulsive movement towards the upside, which confirms our alternate count and leads us to focus on only one possibility for the new week.

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

EURUSD – An Upwards Correction Searching for a Top (15-Nov-2013)

As expected last week the euro moved towards the upside and has reached our first target and exceeded it by only 5 pips. And while this correction may still have further upwards momentum left, it’s likely nearing a point of exhaustion and we expect it to form a top in the near future.

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

GBPUSD

GBPUSD 14th November, 2013

On Thursday`s session the pound unfolded towards the upside as expected and the pound fell short of the specified target by 1 pip and we are updating yesterday`s count according to the latest price action. Main Hourly Count – Invalidation Point: 1.5854 — 1.6257 – Confirmation Point: 1.6051 – Downwards Targets : 1.6008 — 1.5949 …

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EURUSD 14th November, 2013

The euro spent the entire day moving in a sideways, overlapping manner, keeping away from all of our confirmation and invalidation points. This leaves both counts almost exactly as they were, with only a slight modification to their subdivisions.

We’re updating both main and alternate counts to reflect the most recent price action and to present tighter targets and invalidation points. And as usual we’ll use each count’s invalidation point as confirmation of the other count.

GBPUSD

GBPUSD 13th November, 2013

On Wednesday`s session the pound unfolded towards the upside as the alternate count expected and both first and second specified targets were reached and exceeded. We have one count today which expects further upwards movement within the pound. Main Hourly Count – Invalidation Point: 1.5946 — 1.6247 – Confirmation Point: 1.6068 – Upwards Target : …

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