Sterling, India’s Sensex and Australian Dollar Outlook plus holiday notice

Hello,

I am going to be away for a month on holidays. So will catch up with you when I return. In the meantime, here are two quick updates that you might find interesting. One is on GBP/USD and the other on AUD/USD.

As for India’s Sensex, I think we have seen a near term top. Use recoveries to 16,600 plus levels to get out of any stale longs that you still have, as we will likely decline to under 15,000 in the coming days. Early support lies at 15760 area.