GBPUSD 4-01-07

4-1-07

GBPUSD

There was a long trade entered in the GBPUSD at 1.9600 that was stopped out with a 10 pip stop loss early in the morning. There was an opportunity to re-enter the long trade later in the morning, but I usually take only one long trade and one short trade when I range trade. There was a short trade entered at 1.9680 later in the day that was exited at entry. I will trade the 1.9650 to 1.9720 range for today.