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GBP/USD Put Signal 21 June 2016

Signal details
Entry Price: 
1.4680
Close Price: 
1.4627
Expiry Time: 
20:00 GMT
Result: 
ITM
How we trade
4.7/5 of 3 ratings

The GBP/USD has attempted to break above key levels above 1.4770, but was rejected harshly by the market. With prices dropping back below 1.4700, we are looking for the pair to close below the figure and even below 1.4680 as of writing. The levels that are going to be crucial in the coming sessions are going to be defined by the referendum polls in the coming days.

The GBP/USD is one of the most volatile pairs in recent weeks and we are fairly confident that the coming days are going to provide even more opportunities for trading it. Currently, the odds are favoring the U.K. to remain a part of the European Union, however volatility is likely to be dominating the market anyway.

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.