As we start the new month the USD is moving lower in advance of Friday’s NFP number.
A GBPUSD long was taken risking 15 pips for a potential 47 pips to our daily target at 1.3829. Price found a bottom early in the U.S. session overlap then began to move higher. As it did, we locked in profit and when long upper wicks began to form, we locked in more profit. Price retraced enough to close our trade before continuing to our daily target without us.
Tomorrow will be interesting as the NFP number is released while many traders will be off for the Easter long weekend holiday.
Good luck with your trading, enjoy the holiday and stay healthy!