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GBP/USD Put Signal 26 Feb 2016

Signal details
Entry Price: 
1.3900
Close Price: 
1.3856
Expiry Time: 
21:00 GMT
Result: 
ITM
How we trade
3.1/5 of 4 ratings

The GBP/USD is experiencing the fallout from all the technical levels which the U.S. dollar has managed to break throughout the week. As all eyes are on a Brexit vote in the coming months, the British pound is likely to remain very volatile.

While the case for a bullish bet on the GBP/USD can not be made yet, there are plenty of reasons to play this market on the short side. We are holding the opinion that if the price rallies from current levels around 1.3870 to 1.3900 we will get a perfect opportunity to buy daily and hourly puts before the end of the day.

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.