Alright, we have a new, confirmed GBP/USD target for the next few weeks. Earlier this week, I made a mistake and missed my longer term reversal signal.

So, where are we targeting over the next few weeks? The GBP/USD will move up to the area I discussed last week in this post. Last week, I stated that the GBP/USD will begin to move up targeting the area of 1.4800-1.5000. Getting more specific, we are currently targeting the zone from 1.4780 to 1.5060. I’m leaning more toward the 1.5060 area, but I’ll provide more specifics as the GBP/USD continues to move up.

Just a word of warning, the GBP/USD may still range a bit before it begins its steady climb up. I’ll try to warn you ahead of time to provide the following:

• when I believe the GBP/USD will tire out as it begins its climb (providing strategic exits)
• provide target areas to place limit buys for entrances again as it continues its climb up to the 1.4780 to 1.5060 target zone

Happy trading to capture a “lotta” pips!

LattePIPs