Following from my thoughts for the GBPUSD earlier, I went ahead to place a buy limit order at 1.5330, SL at 1.5310, while spot was at 1.5302.
UK Services PMI came out very strong at 54.9 versus expectations of 53.1. Immediately, the GBP spiked up triggering my limit order, I followed the spike till I saw the stochastic peaked and sold at 1.5370, the high was 1.5371, it is now trading at 1.5356.
Locked in a yum yum trading profit of 40bps or 0.26%.
The Panthenon Investment Group 