British Pound Futures and ETF Update

Primary view is that GBP futures are in the first stages of a move that should test or exceed the 2017 low. A monthly chart for perspective is below.

British Pound Update via ETF (FXB)

The British Pound ETF (FXB) is assumed to be forming a wave [iv] like most of the major USD crosses. The move up from the early 2017 low has stalled against a possible wave [iv] target but has not quite pushed low enough to break the uptrend.

British Pound futures & ETF 2017-07-22

GPB has fallen from what I am calling a 'B' wave high in 2014 to a low early this year and been bouncing in a overlapping move to the present. Since the assumption that this drop is a 'C' wave, it...

British Pound futures and ETF (FXB) 2017-04-24

I think an inflection in the major dollar cross rates is sneaking up on us either this next month or in June. Note: FXB weekly chart added Late last year and early this year we have been looking for...

FXB: Expect bounce in British Pound ETF

The British Pound appears to be following the script we described in our July post and refined in our October post. The next phase of the Elliott wave pattern should take the form of a bounce or an upward/sideways consolidation, and other technical tools show how far upward that pattern might reach.

British Pound futures and ETF (FXB) 2017-01-25

GBP is bouncing from support and should be entering a corrective formation for several months before attempting a drive to yet another low. I've worked up monthly and weekly charts for both the...