June Trade # 23 - BUY GBP/USD

June 17, 2009 3:40 pm (Manila)

Second half of the trade got stopped-out at breakeven.

Summary:

1st half: +60 pips
2nd half: 0 pips
Total: +60 pips

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June 17, 2009 1:35 pm (Manila)

First half is out at +30 pips/lot for a total of +60 pips.

Trade is now risk-free as second half stops are moved to breakeven.

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June 17, 2009 1:10 pm (Manila)

BUY GBP/USD @ 1.6412
Stop - 1.6341
Limit 1 - 1.6442
Limit 2 - 1.6495

AT 4:30 pm today, the latest Bank of England Meeting Minutes will come out. It is expected to be bullish for the Pound as it may warn of inflation rising in the British Isles.