June 12, 2008
Taking 54 pip profit, when they are in a hurry
I decided to close my position, short on GBPUSD, taking 54 pip profit at 1.9580. About 8 hours is left until the US advanced retail sale release and I don't want to give time to this market to change its mind! However there is also another reason, the data could improve market sentiment and high yielding currencies usually benefit from that. I am thinking about tomorrow data, inflation in US and Germany, so this sooner than expected profit is a great chance to have more sleep and less stress.
Labels:
profit,
US Advance Retail Sales
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