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GBP/USD Trading - NAHB Housing Market Index - 19 Sep 2016

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GBP/USD Trading - NAHB Housing Market Index - 19 Sep 2016
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Friday's decline of the pair GBP/USD surprised investors.

On Friday, the pair GBP/USD lost 240 points. However, the publication of the positive data on the US CPI 0.2% could not affect the pair so much.

Now we can expect a technical correction of the pair GBP/USD.

Today the important reports aren’t planned. It is worth to pay attention to the NAHB Housing Market Index, for the current month the changes aren’t expected - the forecast is 60 points.

How to trade binary

We would buy Call options if the pair GBP/USD rises above 1.3060. We would buy Put options if the pair falls below 1.2992.

Expiry time: 20:00 GMT

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.

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