Today's FOREX Trade of the Day was a long GBP/USD position.
Buy: 1.6231
Sell: 1.6287
Notional Intraday Profit: +56 pips
Today's intraday Low of 1.6223 was below the 61.8% retracement of the 10 September Low of 1.6051 and the 19 September High of 1.6523, rendering the retracement level a profitable Entry Buy level.
Today's intraday High of 1.6287 was right at the 50% retracement level of this range, rendering the retracement level a profitable Exit Sell level.
Further upside targets include 1.6343, 1.6426, and 1.6481.
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