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Closed my GBPUSD short from earlier this week. Small profit, about 30 pips. Not a bad return considering the sideways action we've seen. I'm thinking the market might be waiting for some clearer direction from the BoE or upcoming data releases. Will keep an eye on it.
@nsiddiqui94 Yeah, that sideways action was a killer. I was expecting more downside after that bearish displacement last week, but it just kinda stalled. Maybe the market's waiting for more clarity on the inflation front? I'm thinking of golong if we see a break above 1.3250, but I'll be keeping a tight SL.