Alright…  I’ve been posting for the past month that the GBP/USD is about to begin going further down…and it has…and will…but the speed it’s moving at is just ridiculous.

I thought the GBP/USD would be moving faster than this…and I’m disappointed. With the EUR/USD making all of its moves, I figured the GBP/USD would at least be trying to keep up. Ok, just kidding a bit, but still. The GBP is putting up a good fight with the USD right now. The GBP just doesn’t want to go down. It will in good time, but the British just don’t want to give in yet. SO…I believe the GBP/USD will move up to the range from 1.5186 to 1.5278. I really wish I had a more precise target than than, but I don’t. I’m leaning more toward the 1.5278 area, but you never know. I mean…hey, the GBP/USD could just keep going down, but from what I’m seeing on my strategy, I don’t believe it’s going to do that over the next 24-48 hours.

Therefore, I recommend a limit sell within the range from 1.5186 to 1.5278 over the next 24 to 48 hours…but leaning more toward the 1.5278 area. Hopefully, this will be a quick climb and then it will all be over and we can begin selling again.

Disappointing GBP/USD