US non-farm payrolls rose by 78,000 in May from a nonrevised 274,000 reading in April, while the unemployment rate fell to 5.1% and average hourly earnings slowed to 0.2% from 0.3%. The payroll figure was the lowest since August 2003 while the unemployment rate was the lowest since September 2001.
As expected, the initial reaction to the non-farm payrolls announcement has had a positive outcome on my GBP/USD position. The take profit limit was hit and as a result, this position has managed to overturn a sizeable loss to yield a 60-pips profit. The strategy of holding the position for the past few sessions, which was comfirmed by the action suggested by my analytical screen, has eventually paid off. However, I still have a USD/CHF position at present which was unable to hit the T/P level (only 10-pips away from target!).
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