JLS: Short GBPUSD Target Zone 1.3300-1.1800 Still Valid

The GBPUSD will continue to downward in medium term to complete her estimated medium term target zone 1.3300-1.1800 by her interest rated differential as per previous latest analysis, attached hereto.

GBP is weakaned to USD, CAD, NZD and AUD by their interest rate differentials, however the GBP is srengthened to CHF, JPY and EUR by their interest rate differentials. Therefore, the GBPUSD, GBPCAD, GBPNZD and GBPAUD medium term target zones to downward and the GBPCHF, GBPJPY and GBPEUR medium term target zones to upward.

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Breking target zone and lost