Feb 10: GBP USD - Travelling to ITD 2 High

Before reading the comments below, take a look at my last weekend's GBP USD Delta update from the navigation menu above in case you have not.

I am still going with the original count that we are currently moving to ITD 2 high. In addition, although I said ITD 2 high on average is due next Monday, there are two instances in the past few cycles where it was due in 10 calendar days, so that brings next Wednesday as a turning point if it were to repeat the same thing. This late ITD 2 high scenario could be possible if MTD low was due at 1.5533.

However, I am still leaning towards early or on time arrival of ITD 2 high, because I think the MTD is still travelling down. The alternate above however is something to keep in mind if we keep making new highs until next Wednesday.