News trade, havent been on news trade for weeks. BoE interest rate hike decision today, market expected a 0.25% hike to 5.75%, my plan for trading this news is simple. 6.00% long, 5.50% short and 5.75% no trade. Gbp/jpy been ranging for past few days and still waiting for direction. Maybe this might give a bit of a nudge.
Results came out as expected, price went bouncing with no clear direction yet. My call, no trade....so im chillin on the sidelines. Again, my demo account looks good, better rates now.
On to tomorrow, US NFP data and friday(boring!)
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