GBPUSD moved even lower in this week, now beneath 1.6600 that can represent final stages of wave (v) in 3 that may seek for a support around 1.6500/1.6550. We still believe that rather sooner than later pound will turn up into a corrective rally. We will be tracking wave 4 then that can even move up back to 1.6680 before downtrend resumes. That kind of pullback in three legs would be a good one to join the trend.GBPUSD 4h Elliott Wave Analysis…See More
21st August 2014. Yesterday’s Fed minutes were a bit of a strange event. The tone was clearly more hawkish and yet the equity markets took it all within stride. The Fed exiting QE and raising interest rates is apparently no problem. Still watch these markets carefully into the end of the week as we still have the Janet Yellen…See More
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