In my previous post I sort of denigrated the GBP saying it was being flushed down the toilet by the market. I neglected to notice what it is doing against the USD. Just a few minutes before I came home it rallied massively against the USD from 1.9505 all the way to 1.9738 breaking the resistance level at 1.9603. Sadly though I did not get a chance to get in on the this move. Maybe next time.
However, my GalleonFX managed account took full advantage of this GBP play and it just made me a nice profit.
Oh, btw starting from tonight I’ll be issuing my own trade setups.
Until next time, keep on pipin’ 😉