As per the prior post ( WHAT I SEE) the GBPUSD has continued down – with a big target at 1.500 area. The problem is the rebound could be part of a bear flag or the current rebound could be the start of an bigger correction after suce a huge fall.


Longs, look for the confirming break above 1.5660 level, or sell against resistance at 1.5909.

On the downside, clearly support comes in at 1.5765 with a floor in place.