The USD continued its grind higher today until the European close and then turned negative.
The GBPUSD quickly made its high of the day just after the London open but ran into sellers. When the U.S. session overlap got underway, the pair made a third lower high for the day and a short was taken risking 19 pips for a potential 47 pips to our daily target at 1.2297.
Price moved lower and fell through the 1.2300 figure as well as through our target. We closed the trade happy to get some extra pips.
Friday is a holiday in the U.K. as well as NFP day in the U.S.
Good luck with your trading and enjoy your weekend!
