Results 1 to 4 of 4
  1. #1
    aqz
    aqz is offline
    Rookie Member aqz's Avatar

    The GBP/USD binary option miracle can last - $280 !!!

    Don’t let the recent gains posted by the British pounds deceive you because this week will most likely bring a upwards move for the currency pair. The British Claimant Change Count numbers propelled the pair upward, but the US manufacturing and employment data were just as good and are expected to make an impact this week. The four cents gained by the pound could melt away in a matter of days, so help yourself to put options that expire at the end of the week.

    The GBP/USD binary option miracle can last - $280
      Assets
      Expire
      Will Expire in
      Strategy
      Entry Price
       Cur/Exp Price
      Trade's LIVE   status
      Disclosure
      Investments
      P&L
      -
      -
      -
      -
      -
      -
      -
      -
      -
      -
    Refresh

  2. #2
    aqz
    aqz is offline
    Rookie Member aqz's Avatar
    I think we will see 1.65 soon...

  3. #3
    Specialist Member RCox's Avatar
    I am highly bearish on the GBP over longer term time frames, and we have already seen a big failure at what is now triple top resistance at 1.6270. The pair simply rose too quickly too fast, with little in the way of fundamental support to justify those types of bullish moves. A lot of the positive sentiment for the GBP/USD was driven by factors like the Bank of England voting unanimously to keep stimulus programs on hold (essentially electing NOT to add more stimulus) but there is still no suggestion that the bank of england is ready to start tapering when compared to the Federal Reserve. Add to this the relative GDP growth that is seen in the US, and the overall picture shows that there was really no reason for the rally in the Pound that we have seen since the end of the first quarter. The downside correction after failing at 1.6270 resistance is encouraging for GBP bears like myself but I am still short and this will continue until we are at least back to the mid-1.50s. All we really need to see at this stage is some actual reductions in stimulus by the US Federal Reserve and then the rest of the market should "wake up and smell the roses" and start adding to the selling pressure.

  4. #4
    Master Member Bogdan G's Avatar
    Totally agree. I'm holding big shorts on GU.

Posting Permissions

  • You may not post new threads
  • You may not post replies
  • You may not post attachments
  • You may not edit your posts
  •  
3