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GBP/USD Put Signal 17 Nov 2015

Signal details
Entry Price: 
1.5220
Close Price: 
1.5213
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
5/5 of 3 ratings

The GBP/USD pair has traded higher in European trading as the U.K. inflation data was largely priced in by the market. We have identified a big opportunity to buy daily puts in recent minutes as the pair has failed to sustain a break above 1.5230 during the New York trading session.

Our rationale for this trade is that the U.K. central bank is still likely to move slower than the Federal Reserve when it comes to normalizing interest rates. The GBP/USD has reached 1.5220 as we speak and we would take this opportunity to buy daily put binary options on this 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. 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.