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GBP/JPY Put Signal 24 June 2016

Signal details
Entry Price: 
141.75
Close Price: 
139.34
Expiry Time: 
20:00 GMT
Result: 
ITM
How we trade
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The GBP/JPY has rebounded from earlier lows marked around 133.30 and rallied from there "only" over 1000 pips to above 144.00. The pair has suffered a drop towards 139.00 in the aftermath, but not for long. The British pound has actively been traded across the board with uncertainty about its future direction.

GBP/JPY trading from a binary option perspective involves the buying of daily puts around 142.00 with the price in the coming hours likely to drop lower and possible retest the lowest levels on Monday. The Brexit referendum will remain in history as one of the most volatile days for this pair.

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.