Elliott waves analysis – We’re sellers.

Just as previously forecasted, the British pound continues to rally to the lowerside and is still pretty much bullish. As long as the price remains below the cloud formation, we expect nothing but a possible momentum to the lowerside, the anticipated bearish price rally is the continuation of an impulsive wave count and may likely continue much lower. On this chart, bearish rally is highly anticipated. The anticipated bearish price rally is the continuation of the last impulsive wave (v) to the lowerside and will head straight towards 1.15820 or even much lower.

We’re sellers.