According to COT data, last week Non-Commercials ( Banks, Hedgefunds etc.) have :
In GBP added to their long positions 2887 contracts and
decreased short positions 8661 contracts,
In Total there are 26k long and 65k short contracts of Non-Commercials,
In JPY added to their long positions 8341 contracts and
added to short positions 17500 contracts,
In Total there are 41k long and 103k short contracts of Non-Commercials,
In the result, GBP has more powder in order to hunt sell limit orders of retail traders around 158-159 zone.
In GBP added to their long positions 2887 contracts and
decreased short positions 8661 contracts,
In Total there are 26k long and 65k short contracts of Non-Commercials,
In JPY added to their long positions 8341 contracts and
added to short positions 17500 contracts,
In Total there are 41k long and 103k short contracts of Non-Commercials,
In the result, GBP has more powder in order to hunt sell limit orders of retail traders around 158-159 zone.
Trade closed: target reached:
TP, 1 to 3 rrr profit