June 30 - GBP USD

Hi guys,

GBP USD Delta count for ITD time frame continues to be challenging at the moment due to inversion possibilities for both ITD and MTD.

I would instead attempt to look for direction from bigger time frame. Looking at the MTD chart, we could see that in the previous three cycles GBP USD formed a medium term top slightly before the red vertical line (I circle them)

In the current cycle, we are also near the red vertical line, and that red vertical line is on July 7.

So I think that we could see some kind of medium term top happening soon.