SILVER

Silver is in the bullish structure from latest lows. Price almost completed five waves to the upside with nice subdivisions. Blue wave iii might complete around 18.60-70 region but we still need to see waves four and five to develop for the whole impulsive structure. Projected area for this impulse is around 261.8 level, where a new turn lower can occur.

Silver, 30Min

GBPUSD

GBPUSD has made a triangle consolidation, which make us wonder if this move up is only a pullback. As we know triangle appears only in the fourth wave of an impulse or in wave b of a correction. So because of recent price data we believe price can continue higher towards 1.360 area, where a possible turning point can occur.

GBPUSD, 15Min

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