January Trade #5 - BUY GBP/USD

January 23, 2013 11:33pm (Manila)

Second half got stopped-out.  Still a winning trade.

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January 23, 2013  9:47pm (Manila)

Limit 1 just got hit at +30 pips/lot.  UK jobless claims fell to mid-2011 levels.

Second half stops now moved to breakeven making the trade risk-free.

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January 23, 2013  2:00pm (Manila)

BUY GBP/USD @ 1.5852
Stop - 1.5792
Limit 1 - 1.5882
Limit 2 - 1.5912

The pair appears primed for a rebound in the daily charts.  A set of indicators are due to come out later due expected to be positive for the Pound.