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GBP/USD trading - Brexit official talks - 19 June 2017

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GBP/USD trading chart 19 June 2017
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Friday was calm

The US economic indicators came worse than forecasts and didn’t allow the US dollar to strengthen. In May, the volume of housing starts amounted to 1.09 million against the expectations of 1.215 million. The volume of building permits showed 1.17 million vs. the forecast of 1.25 million. The Michigan consumer confidence fell from 97.1 to 94.5.

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From today, the UK and the EU begin official talks

No other interesting events are foreseen. In the evening the head the Federal Reserve Bank of New York, William Dudley will have speech. Tomorrow will also be poor on macroeconomic data.

How we trade binary?

We would buy Put binary options with 20:00 GMT expiry if a one hour candle closes below the 1.2760 level. If our first target is not reached and the price goes above 1.2807, the first scenario would be invalidated. We would buy Call options if a one hour candle closes above the 1.2807 level.

Asset: GBP/USD
Direction: Put
Target price: 1.2760
Expiry time: 20:00 GMT

Comments

Jannik P.'s picture

Target Price: 1.2760
Close Price: 1.2732
Direction: Put
Expiry Time: 20:00 GMT
Result: ITM

Jannik P.

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.

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