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.

Yep-ers.

Originally posted by jimkane

Next pop now?

Pretty straightforward. I'm watching 70-72 next, and the obvious downsloping TL. If they can overcome that, there's nothing but blue sky above.

my eye is on spx 1970 area in the next few sessions based on what we're seeing here....

69.50 was good enough for it. Watching 62.00-.50 next, for clues.

It goes without saying I'm watching the KZ in here first, of course. That's too obvious to state. So I really meant I'm watching 62.00-.50 if the obvious doesn't happen.

Amazing. Bounces off the KZ to a KZ and rolls over. Now 62.00-.50, or just a drop below the swing-low and that's it?

I am very curious to see how it handles this 62.00-.50 area, if they don't come in here. It's a tough area, but if it gets there, I wonder if it won't just keep selling. For that reason, I suspect they may come in here.

ABCD into the area. But, as I said, will it hold?

I strongly suspect not.

Swoooooooosh time? 'They' better be careful here.