Part 1: Previous Session Review

Yesterday was a clean session for the book, with 2 trades taken and both closing in profit. Net performance finished at +289.5 pips, driven by setups in XAUUSD and NZDUSD.

The important point is not just the win rate, but the control of exposure. Gold offered the stronger movement as liquidity widened and momentum stayed directional, while NZDUSD provided a more measured follow-through. There was no need to force additional trades after the main opportunities had paid out.

From a market structure perspective, price action remained sensitive to short-term positioning and liquidity pockets. That environment rewarded patience, but it also means traders should avoid assuming yesterday’s pace will automatically carry into today.

Part 2: Today’s Outlook & Watchlist

The key scheduled risk today is the GBP GDP m/m release at 02:00 UTC. This is a high-impact event for sterling and can create sharp moves, especially if the number lands well away from expectations.

GBPUSD is the primary asset on watch. A stronger GDP print may support a push higher if price is already holding above intraday support, but a weak figure could pressure sterling quickly and trigger a downside liquidity run. The first move after the release is not always the best trade; spreads and slippage can distort entries.

EURGBP is also worth monitoring for a cleaner sterling read. If GBP strength is broad-based, EURGBP should struggle to hold rallies. If the GDP data disappoints, the pair may find buyers and rotate higher.

Plan for wider volatility around the release, reduce size if needed, and wait for structure to confirm after the initial spike. Today is less about predicting the headline and more about reacting well once the market shows its hand.