Tuesday, June 26, 2012

GBPUSD trade stopped out on news

My GBPUSD trade was stopped out this morning for a total profit of 125pips.

I'm watching for a re-entry but am waiting for a higher bounce.

Apparently the UK reduced it's Public Sector Net Borrowing to £15.6 billion form £19.9 billion and although that was not as big a reduction as was forecast.......it's still appears to be giving the £ a boost.

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