Exellent days trading yesterday with good profits. Still buying GBPUSD with strong GBP and weak USD data, keeping an eye on JPY if JPY continues rallying against USD I may consider a SELL USDJPY trade later today after USD news.
As the markets now open GBP is rallying slightly and I wonder if this is anything to do with the new Prince. We may be helped along by GBP figures at 9:30 as well. But a new prince can bring a boost of $400 MILLION to the economy of the UK, already buoyant with good figures.
Looking at the GBPUSD chart for today we can see the rally and I think I’ll ride that today and see how we get on – re-evaluate after the news.
EURGBP is resisting a big break bearish but I think that could happen any time, just needs a nudge.