Bears Pound Sterling | $GBP $USD #Forex

Traders,

Predictive/forecasting model defined the following two bearish targets:

1 - TG-Lo = 1.55764 - 28 OCT 2014

and

2 - TG-x = 1.54661 - 28 OCT 2014.

A discreet geometry could also be playing out via the height of a first significant retracement, projected downward. This method is similar to the Euclidean module projection (EMP), lining up perfectly with the first target defined above.

Invalidation of this bearish outlook may be first weakened by price rising above the 1.6225 level, whereas a break above the 1.65235 should force a reconsideration of an entirely new trading plan. In contrast, a break through the 1.58736 floor would add credence to the model's forecast, as defined by the targets above.

Cheers,


David Alcindor
Predictive Analysis & Forecasting
Denver, Colorado - USA


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