Pick of the Day: GBP/USD

Tomorrow morning we have the US Trade Balance report being released at 8:30 am EST. The consensus number is about -64.6 B, but we may see a larger deficit number after hearing that China’s export report was better than expected. So, here are a couple of trade ideas in case we see surprise numbers out of the US Trade Balance:

Long GBP/USD at 1.8515, stop at 1.8485, pt1 at 1.8540, pt2 at 1.8572

Short GBP/USD at 1.8375, stop at 1.8405, pt1 at 1.8350, pt2 at 1.8330