Last week it was forecasted that the Gbp/Usd could form a countermove ´till 1.59292 and 1.59740 before proceeding the downtrend.

The Gbp/Usd bearish X-Sequnetials pattern constellation avoided a breakout above the level of 1.59 , peaked last week at 1.58214 and continued the predicted downtrend ´till 1.5344.

Fridays close : 1.5450


The Gbp/Usd will now reach the next X5 patterns target located at 1.4962-1.4661.

Chart : Gbp /Usd , X-Sequentials 60 Minute Chart


yours sincerely ,

Devin Sage ,TXA Trading