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EUR/GBP Put Signal 23 June 2016

Signal details
Entry Price: 
0.7680
Close Price: 
0.7646
Expiry Time: 
20:00 GMT
Result: 
ITM
How we trade
5/5 of 2 ratings

Similar to the rationale in our signals on the GBP/USD and the GBP/JPY pairs we are taking a position on the EUR/GBP pair looking to mark up a profit on a rather risky trade. We do not hold the view that a Brexit is a possibility after today's vote in the UK and are acting accordingly.

The EUR/GBP level which is of particular importance to us is 0.7680. We would be buying daily puts at that level, awaiting confirmation from the market that the Brexit referendum has the outcome that we all are looking for - a scenario where the United Kingdom remains a part of the European Union.

Disclaimer: The article is written for informative purposes only and it is not financial advice. The author does not have any position in the currency pairs mentioned, and no plans to initiate a position. He wrote the article himself and expressed his own opinions. He has no business nor personal relationships with any mentioned government entities or stocks. Readers should not treat any opinion expressed by the author as a specific inducement to make a particular trade or follow a particular strategy, but only as an expression of his opinion.