Day 358: Pound still down

Profit: -$5.71 Total: $1,294.33

There wasn’t much movement in the markets today but the GBP/USD still managed to make new lows. Fear of Brexit makes pound a discomfort to hold which can lead to a lower leg in the move. I personally want to open a long GBP/USD about a day before the 23rd, but I would have to see the polls and current sentiment. Although a Brexit isn’t likely, there’s still a chance the leave vote comes on top.

I didn’t bother touching the pound today in fear of volatility. I tried long scalping USD/JPY and got no where with it. Today’s market was rather calm and quite. The dollar bulls are maintaining it’s hold while retail data came out better than expected. Hopefully tomorrow would have better opportunities to trade.

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