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GBP/USD Put Signal 09 Nov 2015

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Signal details
Entry Price: 
Close Price: 
Expiry Time: 
21:00 GMT
How we trade
5/5 of 3 ratings

The GBP/USD is seeing some strength in today's trading as the U.S dollar is consolidating minor losses for the day. The pair is currently trading just below its daily highs around 1.5120. We see this move as a corrective one before U.K data later in the week.

In our views the pair still has downside on the charts after breaking through the daily support line at 1.5110 on Friday. We are taking this rally as an opportunity to buy daily put binary options on the GBP/USD pair.

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. 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. All risks and coasts associated with online trading are your responsibility.