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GBP/USD Call Signal 18 Feb 2016

Signal details
Entry Price: 
1.4360
Close Price: 
1.4329
Expiry Time: 
21:00 GMT
Result: 
OTM
How we trade
5/5 of 2 ratings

The GBP/USD has been benefitting for an increased risk sentiment and from prospects of a deal between the Eutopean Union and the United Kingdom that averts a Brexit (an exit of the UK from the EU). Traders have met the prospects of an accord with a positive response and bought the British pound today.

Looking at the charts there is a risk to the downside if the pair drops below 1.4340 on a sustained hourly basis. At this point in time we are seeing the move higher as the more likely scenario for this pair in the coming hours before the close of trading in New York.

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.