Medium Term outlook for GBPUSD – Sterling Pound

The GBPUSD or Sterling Pound has been trading in an narrowing range since late 2008. So what is the medium term outlook for this currency pair? From an Elliott Wave perspective, we seem to be developing the ‘E’ wave within a triangle. Once this final upmove is...

Is Cable ready to turn down again?

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 should happen pretty soon. The diagonal triangle that you see in the...