As projected in my last Delta count, Cable is moving up in ITD 9 and it will be due around May 5. ITD has a standard deviation of +/- 4 trading days, so exact turn date may not be May 5. We are nearing this turn date now, and GBP can reverse at any moment, including at this current price level (4940).
However, if GBP can keep continuing to climb and break above 1.5, I am looking for a price level around 5290 for the top of ITD 9 this week. This will be the top of the parallel trend line channel per my chart. MTD 11 must be due here too because by then it already has 3 ITD highs, so after the turn day around May 5, GBP USD should reverse down to below 4395 (below ITD 8 low).
LTD 15 could be due together with ITD 9 and MTD 11 too, and if that is the case, after May 5, GBP USD will reverse to minimum below 3652 (below MTD 10) or even below 3500 (below MTD 8) if SLTD 2 has not arrived at LTD 14. However, Delta also allows LTD 15 to be due later at MTD 1 around June.
