The GBPUSD made a series of three lower highs today, one in each session, then it plunged to new lows… not seen in decades. After rejecting the 1.1100 level a short was taken as the U.S equity markets opened against a backdrop of a very strong USD.
Price made a faint bounce at the 1.0900 level as the European trading ended for the week and our profit stop was triggered.
As mentioned yesterday, there is a lot less uncertainty in the markets and the U.S. Federal Reserve has been very transparent in their interest rate strategy.
Good luck with your trading and enjoy your weekend!