GBP/USD:  The Outlook remains Bearish:

GBP/USD is still interpreted to be correcting the prior Trend Advance from 1.5270 – 1.6380. From the Daily Chart (see 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.

This forecast, together with EUR, CHF, JPY, AUD and NZD, will be updated daily in my FX forecasting/trading service that I have offered for the last 25 years.

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