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GBP/JPY Call Signal 23 June 2016

Signal details
Entry Price: 
156.30
Close Price: 
157.61
Expiry Time: 
20:00 GMT
Result: 
ITM
How we trade
3.8/5 of 3 ratings

The GBP/JPY pair has been trading higher today with the prospects for an exit of the United Kingdom from the European Union slowly dimming. The news is likely to cause further volatility later today and we are not advising our followers to trade very big amounts today, but we have some trade ideas in store nevertheless.

In the case of the GBP/JPY we have seen a huge rally from around 153.30 to a high of 158.11. We are choosing the midpoint in order to buy daily calls on this pair. The 156.30 level is the one of our choosing in order to buy daily calls today, but remember that we do not want to take big risks on Brexit day.

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.