Waiting for Action Monday

Monday
No Trade

Despite the initial pullback, Euro, Sterling and other non-US currencies continued with their previous day trends to rally against the dollar in the later sessions. We made the right bias today but were not involved in today's action.

On the other note, we just missed out on the GBP/JPY trade by a few pips as the market indeed moved towards the projected the 100-pip level. Nonetheless, it was a risk-free breakeven trade for the set TPs = 80 and 100. Profits were secured if using lower TP targets of 40 and 60 pips .