The GBPUSD moved higher at the U.K. open but ran into sellers around 1.2928 and began to move lower. A short was taken as it moved back into its Asian range risking 23 pips for a potential 108 pips to our daily target at 1.2799.
The pair moved lower and through its Asian session low but was unable to continue lower and our profit stop took us out of the trade.
With so much uncertainty currently, it’s difficult for the markets to show any signs of conviction. This period could be the calm before the storm. Taking it day by day and remaining neutral in bias is my current approach.
Good luck with your trading!
