Pick of the Day: GBP/USD

Later tomorrow morning we have the Bank of England releasing the minutes from their meeting approximately 2 weeks earlier. We will be looking for volatility from any surprise insight on future rate moves or an unexpected vote count.

Long GBP/USD at 1.7848, stop at 1.7800, PT1 at 1.7888, PT2 at 1.7930

Or

Short GBP/USD at 1.7778, stop at 1.7848, PT1 at 1.7737, PT2 at 1.7688

Remember to close half of position when the first profit target is reached and move stop to breakeven for the second half of the position. Close all orders/positions at 3pm EST or at your discretion. Good luck and good trading!