Is close to a bottom, which should provide a low risk GBP-buying opportunity, with a stop just below 1.5008.
Is close to a bottom too, but as long as minor resistance at 0.9344 protects the upside we could see one last decline closer to 0.8966
Tuesday, July 2, 2013
Elliott wave analysis of GBP/USD and AUD/USD - Short term update
Is close to a bottom, which should provide a low risk GBP-buying opportunity, with a stop just below 1.5008.
Is close to a bottom too, but as long as minor resistance at 0.9344 protects the upside we could see one last decline closer to 0.8966
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The euro is certainly in for a correction, but it also looks like it is going to 1,27 or lower to 1,2450. However, according to the charts it moves together with the USD/GBP. I wonder how this is going to happen if the pound stays in the upward channel???
ReplyDeleteHi, I obviously have abaolutely no authority compared to EWS, but given the recent comments posted by ews st it can be attributed to the speed of the move. my apologies for posting this ews as I hope correct/ you are busy with lots
ReplyDeleteThanks for audusd short term chart.
ReplyDelete