Elliott Waves High Volatility has detected an Isolated Low at 1.52 one bar ago ; this is usually a bullish sign Elliott Waves High Volatility has detected an Isolated High at 1.55 one bar ago; this is usually a bearish sign The present wave patterns is fast amplitude (8%): bullish wave 2 British Pound / US Dollar is long term Bearish as the 144 days moving average of 1.54 is decreasing. The Relative Strength Index is at 60.86 in the neutral territory. The Relative Momentum Index is at 58.43 in the neutral territory. An important indicator for Elliott waves, the Elliott oscillator is at 0.01, in positive territory; this is a bullish sign. An equally important indicator, the STORSI is at 93.68. This value is in the overbought territory. Technical Outlook Short Term:Overbought Intermediate Term:Bullish Long Term:Bearish Summary British Pound / US Dollar is currently 0.3% below its 200-period moving average and is in an upward trend. Volatility is extremely low when compared to the average volatility over the last 10 periods. There is a good possibility that there will be an increase in volatility along with sharp price fluctuations in the near future. Volume indicators reflect very strong flows of volume into GBPUSD (bullish). Trend forecasting oscillators are currently bullish on GBPUSD and have had this outlook for the last 3 periods.