GBP/USD Update on Movement – So far 800-900 PIPs moved and 1100-1200 PIPs captured from LattePIPs forecast in 3 weeks

Those who took my recommendation on April 19th have so far enjoyed a 800-900 PIP movement. This depends if you entered at the 1.5375 or 1.5475 level which I spoke about almost a month ago.

If you did some more short-term trading like I did, exiting around the 1.4700 level to enter again around the 1.5000 area from my forecast written on May 11th, then you have enjoyed 300 more PIPs making your current total since April 23rd either 1100 PIPs or 1200 PIPs depending on your exits and entrances. For a three week period, that’s not bad at all…ranging from either 300 PIPs/week to 400 PIPs/week depending on your actual entrances and exits compared to my recommended, forecasted GBP/USD movement found here at LattePIPs! That’s the good news. Read further for the better news!

Alright, so you’re probably wondering how far the GBP/USD is going to move down. So…sit back in your seats and strap yourself in, because you probably won’t believe what I’m going to tell you.

Back in October 2007 (when I did not have this blog site up yet), my strategy issued a long-term 3-6yr sell on the GBP/USD! Yes, believe it or not, my strategy issued a sell on the GBP/USD when it was at the very tip top above 2.000 …I just love my strategy…sigh… OK, so I also know this based upon my strategy…the GBP/USD WILL make a new low below 1.3502, which is 1000 PIPs below what the GBP/USD is currently at. I’ll be providing updates to the GBP/USD movement so you can better mitigate your risk for retracements during the movement down to 1.3502. I have provided a potential projection of what the movement ‘could’ look like based upon a few things:

Current channel and
Current cycle of the GBP/USD within the channel

My strategy does not take into account the channel or the cycle; therefore, the GBP/USD is going to get there when it wants; however, based upon my strategy, I do know that: