GBP USD forex weekly technical report for 9 to 13 may 2016

GBP USD forex weekly technical report for 9 to 13 may 2016 Gbp usd forex weekly chart technical analysis   Pound dollar forex pair this week closed with loss at 1.4423.   Gbp usd weekly chart formed bearish engulfing pattern which is also sell signal on chart.   My 1.4425 tgt is achieved now next tgt is 1.4250 and 1.4125.   For next week 9 to 13 may 2016, gbp/usd pair outlook is weak and traders must stay short with stop loss for tgts 1.4250 and 1.1425.   Reversal happens if pound trade comfortable above 1.45 level till then keep short sell view.   Gbp usd monthly chart suggest there is high possibility of new low in medium term if 1.48 level is not get violated.

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