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 shown, might have already entered short and are already positive over 100 PIPs. As you can see within the picture below, The GBP/USD could only go to 1.5878 before the resistance was too great, and it began falling.

It came to within 22 PIPs of 1.5900! 🙂 For those of you who have not already entered short, I will be providing updates and potential trade entries.

Happy trading,

LattePIPs