The Pound has taken a hammering against the SGD since September 2015 but seems to be correcting strongly in recent weeks. Is the impulsive move from 2015 over for now or is this just a rest before the decline in the Pound continues?
My preferred count is on the chart in red and a more bearish (for the Pound) count is in blue. Of course, this could also me a complex wave 4 correction so it could also range for a while too yet.
My preferred count is on the chart in red and a more bearish (for the Pound) count is in blue. Of course, this could also me a complex wave 4 correction so it could also range for a while too yet.
Comment:
Looks like it had a bit further to run!