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GBP/USD Hourly Call Signal 16 Feb 2016

Signal details
Entry Price: 
1.4450
Close Price: 
1.4452
Expiry Time: 
10:00 GMT
Result: 
ITM
How we trade
5/5 of 3 ratings

The GBP/USD is looking to push higher as the latest polls about the United Kingdom exiting the European Union signaling that the country is more likely to remain a member. After a set of compromises from officials in Brussels, the U.K. Prime Minister David Cameron is expected to welcome a revised treaty with the EU which should further boost the pound.

Looking at the charts, the GBP/USD has been gearing higher in recent minutes and we see the pair imploding to 1.4500 in the coming hours. We are buying hourly calls at 1.4450 at present and our expiration time is set for 10:00 AM GMT. We will update our readers in the coming hours about a daily option on this pair, but for the more aggressive players a daily can be in play at the same level.

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.