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.