British Pound Technical Outlook
I am awaiting confirmation of a B wave low in order to go long and ride wave C higher to 1.50 +. “The count that I am working with now treats the rally from 1.35 to 1.4990 as wave A of a flat (flats have subwaves 3-3-5).” Wave B is in 3 waves and waves a and c of B are roughly equal (a common occurrence). Exceeding 1.3954 would be the first sign that a low is in place. Until then, there is the possibility of price testing 1.35.