GBP/USD has moved 700 PIPs so far, as I forecasted almost two months ago
July 29, 2008
As you can read on my GBP/USD page, the GBP/USD moved as I forecasted on June 2nd, almost 2 months ago. On June 2nd, the pair was at 1.9653. I forecasted it might move down to 1.9474 before going further up. Sure enough, on June 13th, it moved down to 1.9411, and then proceeded to move to 2.0155, toward the 2.0400 level…almost 700 PIPs. I will provide further updates on this pair. This is my favorite foreign currency pair to trade. But right now, the gbp/usd is in a 1hr downtrend, which I believe, might end this longer-term uptrend. More to come soon.
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