Took a LONG trade in GBP/USD after the news during the European session. Unemployment was reduced even further to 4.6% from 4.7% and there were no negative surprises in the claimant count or the average earnings index. The trade has a modest profit target and closed within a couple of hours despite the lukeward effect the news had in the GBP/USD price action.

A SHORT trade in USD/JPY which was entered late yesterday, closed profitably today, early in the European session. The pair has made any major movements today and is instead waiting, around 112.4, just above the 112.20 low.

The EUR/USD also stopped its wild ascent, which continued even after the US session yesterday and saw the pair reaching 1.1122. So far nothing seems to have changed at the pair is kept toward the highs above 1.11. Not sure whether a LONG or SHORT opportunity will present itself, but will certainly be watching for one. SImilarly in CABLE, although technicals are stronger for a LONG trade in that pair.
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