76 pip profit in 5 hours, when recovery matters

Both positions, selling USDJPY and buying GBPUSD, closed in profit automatically, well before the release of UK and US data; making 36 and 40 pip profit respectively.

Buying GBPUSD

I opened a long position on GBPUSD at 1.9633, betting that tomorrow CPI is not fully priced so far!

Housing slump plus Inflation; Going short on US dollar

Housing data is not expected to be encouraging tomorrow, Industrial Production probably stalled after contracting in April, and inflationary pressure in the production side will increase concerns on purchasing power of American consumers.

I think these forces could reduce the possibility of an interest rate rise by the Fed in the short term, which I expect to be negatively reflected in US dollar.

I see two candidates for buying against dollar: British pound and Japanese Yen. I decided to go short on USDJPY at 108.11; regarding relatively good technical conditions. UK CPI is ahead and I would buy GBPUSD (or GBPJPY) if technical conditions improve in coming hours.