GBP/USD ------ HEADING TOWARD 1.4500 ??

My recent posting last Saturday on the GBP's  capability to sustain 1.5000 level has the right answer NOW with a firm "NO."  If  you have followed my exact recommendation  and follow strictly as per the proposed set up /Stategy with SL=60 pips.( Sell on Recovery near 1.5060 --1.5090) from this week's market open,,, Then you are ready to collect at least 130 pips till now at 1.4915.

http://millionaireclub88.blogspot.com/2010/06/outlook-on-gbpusd-can-it-sustain-15000.html

It sounds like I am using Crystal Ball To do the prediction, but the answer is strictly "NO". The Principles of Elliot waves and Advanced Structural Forecast and Other Tools are utilized  for this Strategy.  I  would always refrain from using Technical Bombastic words to scare you off, but instead using a simple and strict forward forex language even for newbies in Forex trading.

Back to GBP/USD, Fundamentally, nothing much to offer to stimulate Investor's  Supports,,Technically, The near term for GBP/USD is Bearish,
Breaking below  1.4853( 38.2 % Fibo Retr Level) may send this currency pair toward the next support  at 1.4786 and beyond.


The H4 Chart Below:-

Please note my MIRROR site as :-https://millionaireclub88.wordpress.com/


Happy Trading