If I am correct and the Pound is going to retest 1.47 area, it looks almost ready to go straight ahead there.
The level is between 1.47 and 1.4750.

What a day, four swings of 10+ points in smooth trends, and now almost 10 on this one. This would also make an inverted H&S if it wanted to start blasting up again (my preference would be for it to get destroyed to the downside, of course). This is some good stuff for very short-term intraday trading, let me tell you that...

PCLN is up about 32%, on volume, since the 'bottom' just a few days back. Given it's now around 1250, that's not chump change. Interesting. Remember what I said: as long as we see this kind of nonsense, the 'bull' isn't over. On the other hand, it might be better to say the bear isn't over until the last one stops doing nonsense like this no matter what the news.

Okay, swing number five just hit the full 10+ points. Suh-weet. Now 'Die, pig, die!'

And yes, I know my 'Die, pig, die' and the 10+ points, back to the low, might stimulate a big pop up here.

Give it to me, baby. Sweep time.

Okay, they got the new LOD. Let's see what they do, with cash close impending.

Bounce me, baby.

See? Just a sweep.

looks like they trapped the bears for an end to minute w4. Now working on w5 of minor 2 with targets up there that would set off a resumption of the down trend and minor 3. Can't wait. Actually got this long trigger at the second low using the 1 minute chart and with an eye on the fibs.

snap it back up there so we can finish the move and jim can yell "die pig, die!"