GBP USD Turns Down on Daily Swing Chart

The daily swing chart turned down in the British Pound.

The GBP USD swing chart is pointed down.  The trend turned down on a break down through the last swing bottom at 1.4602.

The next downside objective is 1.4360 to 1.4194.

James A. Hyerczyk has been actively involved in the futures markets since 1982. He has worked in various capacities within the futures industry from technical analyst to commodity trading advisor. Using W. D. Gann Theory as his core methodology, Mr. Hyerczyk incorporates combinations of pattern, price and time to develop his daily, weekly and monthly analysis. His firm, J.A.H. Research and Trading publishes The Forex Pattern Price Time Report... More