Sorry, you need to enable JavaScript to visit this website.

GBP/USD Put Signal 15 Apr 2016

Signal details
Entry Price: 
1.4165
Close Price: 
1.4204
Expiry Time: 
20:00 GMT
Result: 
OTM
How we trade
5/5 of 3 ratings

The GBP/USD has been under pressure as the markets are digesting news about the results from the upcoming referendum in the United Kingdom which is the determine whether the country will remain a member of the European Union.

With the markets continuing to digest information in the coming hours we are seeing some uncertainty creeping into the market. The GBP/USD is gearing itself to close lower and we will be buying daily put options on this pair if prices go higher from current 1.4155 levels to the 1.4165-70 area.

Comments

lebo2012's picture

Thank you for the signal. It was ITM. My first since you welcomed me on Friday. I appreciate it.

lebo2012
Toni H.'s picture

Thank you for your feedback!

Toni H.

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.