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GBP/USD Call Signal 23 June 2016

Signal details
Entry Price: 
1.4800
Close Price: 
1.4878
Expiry Time: 
20:00 GMT
Result: 
ITM
How we trade
4.1/5 of 4 ratings

The GBP/USD is currently trading at 1.4800 and we are seeing this as a good level to buy daily calls on this pair. The pair has been traded very heavily today as the Brexit referendum is upon us and as the results are expected to come out at 21:00 GMT later today.

We are confident that the United Kingdom is not going to exit from the European Union at this point and are hence buying daily call options on the GBP/USD pair. We have picked the 1.4800 as one which provides less risk to the forecast. Caution is advised for all traders today, keep your exposure to the market smaller to avoid major losses.

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.