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Tag Archives: GBP/USD outlook
GBP/USD outlook: In the long run, we are dead
Just about 5 weeks ago, while discusing the GBP/USD outlook, I pointed out that a leading bank was calling a head-and-shoulders top in the Pound, and they had gone short at 1.6133 with a stop at 1.6305. From an Elliott … Continue reading
Posted in GBP
Tagged GBP/USD outlook, head and shoulders formation, head and shoulders pattern
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Outlook for Sterling Pound GBP/USD
After the Pound broke past the resistance at 1.5157, there was little to hold it back. The target appeared to be 1.5615/20 levels, and the attached two charts will testify why I felt like that. In fact, I had even emailed … Continue reading
Sterling Pound Short Term Outlook: Update
After the fifth wave extended as anticipated, we should now be ready for a snap back towards 1.5020/1.5070 in GBP/USD Continue reading
Posted in GBP
Tagged fifth wave extension, GBP/USD, GBP/USD outlook, short term outlook, Sterling Pound
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GBP/USD Sterling Pound Outlook
So you are wondering if GBP/USD has posted a premature top at 1.7042? What is the short term outlook for Sterling Pound? I would delay the answer to the first question until after we see the speed and extent of … Continue reading
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