GBP/USD / Trade Recommendations

1st Target Range hit…now 2nd Target to go


Just about three weeks ago, I wrote here that we had found a bottom and the GBP/USD would begin moving up to around 1.4800 to 1.5000. After the bottom was confirmed, I wrote here that, “Getting more specific, we are currently targeting the zone from 1.4780 to 1.5060.”

Well on June 2nd, as you can see in the chart below, the GBP/USD pretty much hit the 1.4780 target by moving up to 1.4769. (11 pips away from what I had forecasted) When I began writing about the bottom the GBP/USD had formed almost three weeks ago, around 1.4300, you were able to enter anywhere from 1.4300 to 1.4450. That’s a nice 250-450 PIPs, depending where you entered and exited.

Now that it has retraced a bit to a strong level of support, it will begin its movement up toward 1.5000.

GBP/USD movement toward 1.5000

3 thoughts on “1st Target Range hit…now 2nd Target to go

  1. Pingback: GBP/USD moving as forecasted « LattePIPs

  2. Pingback: GBP/USD Update – still moving as expected « LattePIPs

  3. Pingback: 1.5060 target hit as forecasted a month ago here at LattePIPs! « LattePIPs

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