FX Trading UPDATE

GBP/USD:  The Outlook remains Bearish:

GBP/USD is still interpreted to be correcting the s prior Trend Advance from 1.5270 – 1.6380. From the Daily Chart below, it can be seen that there are still some Key Mathematical “markers” as well as the short term Head & Shoulders projection.

Resistance about 1.5810/1.5825 probably now contains as Sterling extends its Downtrend toward 1.5715; with potential still to test the mid/late 1.5500’s over the coming days.

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Disclaimer: Max McKegg & Technical Research Ltd accept no liability  whatsoever for any loss or

damage that may result, directly or indirectly, from any forecast, comment or opinion, information or omission, whether negligent or otherwise, within this report.