by Ramki | Aug 10, 2009 | GBP
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 wary of a correction back to at...
by Ramki | Aug 6, 2009 | GBP
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 the anticipated recovery from between 1.6740 and 1.6760....
by Ramki | Aug 4, 2009 | GBP
It is almost two months since I wrote that the Sterling Pound’s first target is 1.6922. At that time, the currency was trading at 1.6371. We have already seen a high of 1.7004, and some traders might be itching to sell ! I would urge them to be just a bit more...
by Ramki | Jun 10, 2009 | GBP
Sterling Pound enters its 5th wave within a bigger third wave I lost about 20 pips in learning that the GBP/USD remains in its third wave, and is currently in the fifth wave position within the third. Like every other third wave, this one is not afraid to show the...
by Ramki | Jun 9, 2009 | GBP
GBP/USD technical update 9 June 2009 Although the GBP/USD dipped someway below my preferred support at 1.5920, the drop has all but reinforced my view that we could be set up for a significant down move in the coming weeks. Anyway, for the short term trader, a...
by Ramki | Jun 4, 2009 | GBP
Live Elliott Wave GBP/USD 4 June 2009 Just a few days ago, on 27 May precisely, when the GBP/USD was at 1.5983, Wave Times suggested that according to the Elliott Wave Principle, the GBP/USD or Sterling Pound was vulnerable as it approached the prior fourth wave level...
