BK – New GBP/USD Big Trade Orders 10.08.2015 +90

10/14 Close GBPUSD at market currently 1.5324 + 90 on the trade

10/13 Update Order to Buy 1 lot GBP/USD at 1.5230 TRIGGERED

Reloading our GBP/USD Orders

BK GBP/USD Big Trade Order

Place Order to Buy 1 lot GBP/USD at 1.5230

Place Order to Buy 1 More at 1.5040

Stop for ALL 1.4865

Cable remained strong today boosted by generally hawkish rhetoric from BoE Chief Mark Carney who acknowledged that wage pressures are rising. It appears to be only a matter of time before UK central bank decided to tighten monetary policy. Fed on the other hand said inflation and dollar were big worries. They can add jobs to that in Oct. Technically, GBP/USD turn should gain traction. This year every single major reversal in GBP/USD has been a minimum of 500 pips and the sample size of 11 big moves is not small. This suggests that from the bottom of 1.5110, GBP/USD could rise as high as 1.5610.

Swing

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