In the bigger picture, the fall from 1.7190 is viewed as resuming the long term down trend from 2.1161 (2007 high). Further decline should be seen back to 1.37 – 1.35. In any case, medium term outlook will remain bearish as long as 1.53 resistance holds.
![GBP_USD British Pound](https://riskmarket.co.uk/wp-content/uploads/2016/02/GBP_USD-British-Pound-300x161.png)
![GBP_USD British Pound 1](https://riskmarket.co.uk/wp-content/uploads/2016/02/GBP_USD-British-Pound-1-300x161.png)
![GBPUSD](https://riskmarket.co.uk/wp-content/uploads/2016/02/GBPUSD-300x221.png)