Dons trading journal GBP/USD

[Don4]

Yesterdays position is still open, short signal this morning. Hopefully will be able to at least pick up 2% today any way.But its possible that both could lose.

[trigger]

Hey Don, any take on how far this thing could move even if the GBP rate hike is already priced in? The carry trade tension is building and I honestly don't think it will hold much more than a few days if there is bad U.S. data on top of profit taking like we've been seeing the past couple of days. However with an increase we could see new highs correct? I don't know if people are more interested in buying GBP at +.25% and holding, or taking profits on the yen immediately after? It sounds like USD/JPY is leading and the last time the carries "unwound" it was also from some false information on top of China and the Dow selling off wasn't it?