Sterling's fall after the tax cut announced on September 23 is still reverberating through the FX market. Today, the BoE announced bond buying again in a bid to stem the run on the British Pound. Technically, this fall is oversold and may be ripe for a technical rebound. As such, this may present a counter-trend buying opportunity.
#1 Bought 0.05m @ 1.05768 (Sept 28, 17:05pm)
#2 Limit Buy 0.07m @ 1.04800 - Cancelled (Sept 28, 22:52pm)
All Stops @ 1.01950 - Moved to Break-Even (Sept 28, 22:53pm)
#1 Target @ 1.12240. Changed to 1.1100 (Sept 28, 22:54pm) Target hit (Sept 30, 00:15am)