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 a fourth wave bounce to take place into approximately middle of this...

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 futures and the ETF (FXB). Typical retraces are marked on the charts. The...