Part 1: Previous Session Review

Yesterday’s session was productive but not risk-free. We closed 9 trades with 6 winners and 3 losers, finishing at +45.2 net pips across GBPJPY, USDCAD, ETHUSD, XAUUSD, and USDCHF.

The cleaner opportunities came from respecting momentum rather than forcing reversals. GBPJPY offered tradable movement, while metals and crypto required tighter execution as volatility expanded and faded quickly. The main takeaway is simple: the edge came from selectivity, not trade count.

After a positive day, the job is not to become more aggressive by default. We protect the week, size appropriately, and avoid giving back gains into scheduled high-impact news.

Part 2: Today’s Outlook & Watchlist

The main event in the European window is UK CPI y/y at 02:00 UTC. This puts GBPJPY firmly on the watchlist, especially if inflation surprises enough to shift Bank of England rate expectations. A hot print could support sterling, but the better trade will depend on whether price can hold above intraday structure after the first volatility spike.

Later, attention turns to Australia with Employment Change and the Unemployment Rate at 21:30 UTC. AUDUSD is the cleanest asset to monitor around that release. Labour data can move expectations quickly, so spreads and slippage risk should be respected rather than ignored.

Plan for today: wait for the data, let the first reaction settle, and trade only if price confirms direction with liquidity behind it. Chasing the first candle after red news is usually a poor bargain.