As stated from my prior posts last week, I was expecting the GBP/USD to begin moving further down. From the signals being made from my strategy, the GBP/USD is beginning a move down over the next couple of days. From the way it appears currently, it looks like it is beginning to move down toward 1.5636. If you haven’t already, exit any short-term long positions. At the current time, contemplate a limit short at 1.5910.

Happy Trading!

LattePIPs