On Friday Pound stopped right on a monster level, so the move up might be done, at least for a while. However, it likes deep W4s testing W2 highs (in a downtrend), so one more impulse to 1.4260-70 won't be any surprise.

I've emailed with this guy, and I think he's awesome.

http://www.zerohedge.com/news/2016-04-19/eric-hunsader-financial-system-absolutely-positively-rigged

But it is. 65 pips off the top so far.

Originally posted by MarcinO

That one should be extended under normal conditions, but today it may not give a lot.

1.4340 and 55-60 are layers of a nice area.
The problem is, Pound should need a larger correction here, as it is in a top of its range on M240 timeframe.

1.4351 gave a nie reaction.
Key level is at 1.44 and it seems worth trying to sell there.

New low a 1.4346. Still in support level.
Time to come back to 1.44 now?

1.44 hit. That is a good place for HOD.

It is looking strong.

40 pips down off the area.

Oops, forgot to mention that they were off...

algo at 210.06 if they want it

It's been a wonderful week for me. I want to thank everybody for their comments and charts and I'm really happy to be included here. This is a breath of fresh air to be with a group like this. Thanks to all for putting up with my "newbie" questions and learning process. Hopefully I can climb the learning curve and be up on the slope where you all are! Everybody have a great weekend and will see you on Monday!