Two weeks ago, I recommended a short on the GBP/USD here. You should currently be positive around 15 PIPs. As of this writing, I don’t have clear signals whether the GBP/USD will continue upward short-term or continue its longer-term downtrend. Therefore, I recommend protecting your trade and potentially exiting. The current upward short-term movement may … Continue reading →

Back in December, I posted here that the GBP/USD was beginning a reversal toward 1.6300. I hope you were able to enter at a strategic position before the reversal. My picture showed the GBP/USD moving down to the 1.5400 level before the reversal; however, the GBP/USD made a new low at 1.5236 before beginning the … Continue reading →