Category Archives: GBP

Is Cable ready to turn again?

Posted on September 30, 2009 by Ramki Ramakrishnan

We have come a long way in the Pound. Is the Sterling going to turn down at all? From an Elliott Wave perspective, I still think Cable is going to come off once ALL the remaining stops are done. This … Continue reading →

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Sterling Pound Outlook: an update

Posted on September 29, 2009 by Ramki Ramakrishnan

We got the dip to 1.5768 and a strong rally that has reached 1.5980 at the time of writing. I think there is a chance for some selling at 1.6003, but the bigger resistance lies at 1.6079. From one of … Continue reading →

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Return of the Sterling Bear

Posted on September 27, 2009 by Ramki Ramakrishnan

I would like you to start with the medium-term update of Sterling Pound posted on 27 May 2009.  In that post, I had suggested that we will top out close to 1.6670 and decline to 1.3300 area. The Pound stopped … Continue reading →

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GBP/USD technical update

Posted on August 13, 2009 by Ramki Ramakrishnan

All I can say just now is we got a nice 250 pip rally from the 1.6395 level, and that more than makes up for some of the opportunity lost on the way down. Also observe how nicely the Pound … Continue reading →

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Sterling (GBP/USD) update 9 Aug 2009

Posted on August 10, 2009 by Ramki Ramakrishnan

The Sterling Pound turned quite abruptly from 1.7042, and has already moved below 1.6600. There is some mild support around 1.6563, and more at 1.6515. Because we had an extending third wave (at 2.618 times the first), we should be … Continue reading →

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