BK GBP/USD Big Trade Orders 10.02.2015 +95

10/7 Update -- BK -- close GBPUSD at market currently 1.5278 for +95 on the trade

BK -- Order to Buy 1 lot GBP/USD at 1.5185 TRIGGERED

BK GBP/USD Big Trade Order

Place Order to Buy 1 lot GBP/USD at 1.5185

Place Order to Buy 1 More at 1.4992

Stop for ALL 1.4810

After 9 straight days of weakness we have finally seen a turn in GBP/USD and the move is driven not only by technical exhaustion but also fundamentals data. U.S. non-farm payrolls disappointed in a very big way and even though we are bullish dollars in the long run, we believe that there will be a near term bounce in the currency. This was the longest stretch of weakness for GBP/USD since August 2008 and if the Bank of England continues to be less dovish next week or service sector activity accelerates, we could see a further recovery in sterling. GBP/USD is also a high volatility pair and when it reverses the move can be strong ranging from 200 to 800 pips.


Leave a Comment

Your email address will not be published. Required fields are marked *