Trade Review: GBP/USD

Well, we had another disappointing trade last night as our downtrend hopes were quickly reversed during the euro and US trading sessions. There was slight whipsaw action as our short trade was triggered and then stopped out within the next hour or so. Just a quick note, we saw the US dollar weaken heavily as Bernanke’s testimony to the US Senate provided to be slightly less hawkish than in the past. It will be interesting to see what happens to the greenback if the Fed pauses or halts the interest rate hikes. On to the next trade…

Lot 1: -30 pips

Lot 2: -30 pips

Total: -60 pips