The GBP/USD is currently at 1.5873 and moving to 1.5900 as previously forecasted here two days ago at LattePIPs! I’d also like to mention that you’ll find many technical analysts out there who will provide general recommendations (e.g. look to go long after this price, or look to go short after this price); however, there are none who will provide as precise price movement forecasting as the trade recommendations here at LattePIPs. 😉

At this point from the previous trade recommendation, once the GBP/USD hits 1.5900, you will be exiting the trade for a profit of around 150 PIPs. Before the GBP/USD moves to 1.5900, I recommend the following trade recommendation:

Limit Short @1.5900 targeting below the last movement of 1.5674. There will be no stop or limit on this particular trade. I will provide recommendations when to exit on either a loss or gain. Although unlikely, the GBP/USD may move up to 1.5991; however, it is more likely to pause around 1.5900, then begin moving back down past 1.5674.

Happy trading!

LattePIPs