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GBP/USD Call Signal 11 Dec 2015

Signal details
Entry Price: 
1.5200
Close Price: 
1.5225
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 5 ratings

The GBP/USD has managed to stabilize after yesterday's drop and has broken through 1.5200 to test the offers above 1.5220. So far it has been rejected, but we feel like there is some room for the pair to go back up and probe higher once again.

The U.S. data this morning was mildly supportive of the U.S. dollar as the core retail sales figures came out a little bit better than expected. This however wasn't enough to maintain a bid for the U.S. currency and we see the GBP/USD attempting a daily close above 1.5200. This is precisely where our trade idea is - buy daily calls at 1.5200.

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.