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.

This is a tough area here, though.

Wheeww. I read that one right. No train lights yet...

It looks ready to move to new all-time highs again, but I would think it would at least want price flow around 2102-03 at a minimum.

Despite what it wants overhead, this area is still there, and if it can't deal with it, watch out.

Originally posted by jimkane

This is a tough area here, though.

I am going to keep my promise to myself and quit posting for today. Sorry. I gave a good framework, though. I need some rest and to go low energy mode for a bit. See ya manana.

Thanks Jim. Until next time...

Cable stopped for today just below 1.4330 area.
Its is near the top of its M240 range and at least needs a larger correction.
1.4270-80 and 50 are next, but I wouldn't exclude a come back to 1.44 priceflow first.

It gets going to 1.44.

It dropped sharply to 1.4320 which is a key support now. If 1.44 is still a play it shouldn't fall below current support.

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!