Oct 30 - Still no Update on GBP USD

HI everyone,

I am still having difficulties in coming up with Delta count with a good confidence on the recent cable's move. I will sit aside and let the market plays it out for a couple of weeks. Hopefully it becomes more clear after November 5.

Oct 15: USD JPY - Long Term Bottom likely in

As a follow up to the Sep 29 chart, with three MTD lows in a row, USD JPY looks to have formed a long term bottom for now with a double bottom at 88.

Oct 14 - ITD 1 low is in

ITD 1 was likely IN at 1.57. I am still bearish with this pair overall and target 1.535 (50% fib). Per my count, ITD 2 high is due around Oct 19, and ITD 3 low due around Oct 29. MTD is likely still travelling down, so ITD 2 high should be due earlier and ITD 3 due later. Looking for a new low by the end of this month.

Vacation for next 2 weeks

Hi everyone,

I will have vacation for the next 2 weeks with my family. Will monitor currencies during the trip, but may not post any analysis until I return. Hope to see cable at 1535 when I return on the 14th.

Have a good trading.

Oct 1: GBP USD - Delta Update

Update on chart. As an alternate, more rally is possible until 1.617 - 1.626. NFP may decide the near term direction for this pair.