Further to this trade. Long GBPUSD

Currency Pair: Long Sterling at 1.5075

Action: Raise stop from previous SL @ 1.4990 to 1.5020

Comments: Having bought Cable at 1.5075, we are currently about 15 points in front on the position. I would be a bit concerned if we saw a move lower on the back of a weaker than expected UK GDP (due in 1 hour) and would therefore raise the stop to minimise any losses. Keep the TP in position at 1.5200

(R= 1 time our risk on the trade. Click here for more information)