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

Forecast:

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

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yours sincerely ,

Devin Sage ,TXA Trading

www.Technische-X-Analyse.de