On 23 Oct 12 I had shorted GBP/USD at 1.5950.
Today GBP crosses like GBP/AUD, GBP/JPY, GBP/NZD are starting to turn up. This is a sign that GBP weakness is no longer powerful.
I have 2 GBP trades now: GBP/USD and GBP/JPY. To reduce my GBP exposure, I decide to close my GBP/USD trade.
Closed GBP/USD at 1.5833, profit is 117 pips.
GBP/USD" title="GBP/USD" width="1364" height="636">