On April 19th (9 days ago), I wrote, “If the GBP/USD does not immediately take out 1.5128, then you could safely place a limit sell anywhere from 1.5375 to 1.5475″. Then on April 21st, I posted, “Now, within the next 24 hours, we should see the GBP/USD begin its descent for the next month, two, or three.” On my forecast I was a little off on 2 things:
- I said to place a limit sell anywhere from 1.5375 to 1.5475. The GBP/USD rose after that to a high of 1.5496.
- I said the GBP/USD would begin to fall over the next 24 hours. Instead, it began to fall 6 days later on april 27th.
You can read about my prior forecasts here:
Now, it is beginning to fall for the next month to three months. Here is a snapshot of the current GBP/USD movement:
LattePIPs 