British pound

The British pound/U.S. dollar (GBP/USD) was sharply down the last couple of days, but we see it now in final stages of a big five-wave movement, so pullback with a bigger three-wave corrective rise back to 1.4000 level may occur soon.

GBP/USD, 1-hour

Treasuries

The 10-year U.S. T-Notes can be currently trading in a temporary pullback of wave (4), with possible resistance and a bearish turn coming in around the upper side of the lower base channel line. A drop in impulsive fashion would suggest a completed correction and more weakness.

10-Year Treasuries, U.S. Notes, 1-hour