The Pound may need one more move up to 1.5170-80 before a larger move down.


After that a further move up cannot be excluded to 1.5270 - 1.53.

Okay, so it will want to take out the 74.50 range high now, I suspect. A bounce in here to mid-range and down is possible, but less likely, I think.

At least the way they play this game is pretty straightforward. They make it look super-weak, even started it out toward the lows, then gun it up hard. They are either going to sweep the stops out above and send it down, or this is the start of another maniacal move up. Same old, same old. Sure, it could roll over in here, but I think that's a super-low odds scenario compared to the other two.

Yawn. Just waiting on the blast over 74.50...

And I can't wait to see the Pound falling 30 pips from here...

All the way back to the range high.

My timing factor says this range is done at this point. So, is it going to blast straight up? Did this start another maniacal leg? Or up then down?

75.00. Range top taken out, as expected. Now we see.

I'm leaning towards an immediate make the entire drop back ASAFP. This would be the fourth time in a row for that fractal.

Upper 80's ASAFP?

I'm cautious in here, as this is the perfect place for the stop sweep to end.