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GBP/USD Put Signal 15 Jan 2016

Signal details
Entry Price: 
1.4320
Close Price: 
1.4252
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
4.5/5 of 3 ratings

The GBP/USD pair has been hammered lower in the face of diminishing likelihood that the Bank of England will be able to raise rates any time soon. With the economy slowing and the national polls favoring a scenario where the United Kingdom exists the European Union, the British currency is getting hammered.

The unsustainable state of the real estate market in the country is pushing prices lower, which is hitting the financial industry as fewer borrowers are expected to look out for loans to purchase additional property. With the UK economy continuing to be heavily reliant on the real estate sector, we could be in for a wild ride.

We are going to buy daily put binary options on the GBP/USD pair if prices rebound from current levels of about 1.4290 to 1.4320.

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.