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GBP/USD Put Signal 17 Feb 2016

Signal details
Entry Price: 
1.4315
Close Price: 
1.4287
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 2 ratings

The GBP/USD has been moved by a variety of factors today, the most notable being the prospects for the United Kingdom to exit the European Union. With a referendum decision on the membership of the U.K. in the E.U. looming on Friday, the markets are attempting to digest incoming information for further cues as to where is this market going.

GBP/USD has also been affected by the broader risk sentiment which is moving the EUR/USD and the USD/JPY, however to a much lesses extent. For the time being a 'Brexit' (an exit of Britain from the E.U.) remains on the table and so do price risks for this currency pair. We are buying daily put options if prices get to 1.4315 in the coming hours, expiration rate on the option should be 21:00 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.