British Pound / U.S. Dollar
Short
Updated

Weakness in GBP against USD and JPY

84
The market has been relatively quiet since Monday . Perhaps, most traders are on the sidelines going into FOMC. At the open of London Session, I could see some weakness in GBP and strength in USD and JPY. I will be closely monitoring both my GU and GJ short as there is a high chance they could be a fake breakout.
Trade closed manually
Exit at Breakeven
Note
I decided to close the short trade manually when the price came back to Breakeven price because the market is forming whipsaw pattern. The best strategy, for now, is No Trade.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.