On August 4th, I wrote that we’re in a new longer-term GBP/USD downtrend. Sure enough, after August 4th, the GBP/USD dropped from 1.9700 to 1.7500…2200 PIPS! Right now, the GBP/USD is retracing back to the 1.9000 area before it goes further down. Read these forecasts, watch the currency market, and enjoy the trades!