The British Pound appears to be following the script we described in our July post and refined in our October post. On monthly charts for the CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB), we are expecting a five-wave sequence down from the 2014 high. In recent months, support has held in the area where we suggested the declining third wave of the sequence should stop.
Share this post
FXB: Expect bounce in British Pound ETF
Share this post
The British Pound appears to be following the script we described in our July post and refined in our October post. On monthly charts for the CurrencyShares British Pound Sterling Trust (NYSEARCA:FXB), we are expecting a five-wave sequence down from the 2014 high. In recent months, support has held in the area where we suggested the declining third wave of the sequence should stop.