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ANALYSIS
Unless the pound (now at 1.6743) makes another attempt to reach my original target at 1.7036 (see monthly chart) this is the end of the line and we are heading to 1.60.
TARGETS
likely: 1.6378 - 1.63048
possibly: 1.6029 - 1.5982
maybe: 1.5765 - 1.5709
ELLIOTT WAVES
The daily chart shows a complete set of 5 waves. Hence, unless there's going to be a double extension (it's always possible with the Pound) the way is down.
Monthly chart, click to enlarge
Weekly chart, click to enlarge
Daily chart, click to enlarge
Wave Oscillator on a daily chart, click to enlarge
4-hour chart, click to enlarge
1-hour chart, click to enlarge
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