On January 31st, I posted here that the GBP/USD had moved to our target area of 1.5900 and would resume its decline further down below 1.5674. I said there would be no limit on this particular trade and I would provide recommendations on when to exit. Now, four weeks later, you should be positive around … Continue reading
This is why I was very cautious about a potential reversal, which is definitely not happening at this time. The GBP/USD is still moving down for the short term. Keep all trades short for now. Happy Trading! LattePIPs Continue reading
The GBP/USD is doing one of two things right now: It’s going to keep moving down as it has been, or It is in the very beginning of the process of reversing to the 1.5905 to 1.5985 area I wish I could be more precise at this time and be able to give a definite … Continue reading
Last week, I warned about the GBP/USD slowing up here. Two days ago, my strategy forecasted the GBP/USD move up to the 1.5900 level here. Also within the previous post was a recommendation to short the GBP/USD to target below 1.5674 once it paused its upward movement. For those of you who saw the consolidation within the picture … Continue reading
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