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GrowBinary - Market Analysis and News - 07th Sept, 2015
By GrowBinary Research & Analysis Team
Follow the trend on GBP/USD
'Cable' is in obvious short term and long term downtrend and this coincidence allows us to believe that downward move will continue in next days. We expect Risk/Rewared skewed to the downside with traders targeting 1.5000 and maybe 1.4800.
We suggest end-of-day PUT options from above Pivot Point to join the downtrend and benefit from it.
For more in depth Research & Analysis please visit GrowBinary.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.
By GrowBinary Research & Analysis Team
Follow the trend on GBP/USD
'Cable' is in obvious short term and long term downtrend and this coincidence allows us to believe that downward move will continue in next days. We expect Risk/Rewared skewed to the downside with traders targeting 1.5000 and maybe 1.4800.
We suggest end-of-day PUT options from above Pivot Point to join the downtrend and benefit from it.
For more in depth Research & Analysis please visit GrowBinary.
Note: This analysis is intended to provide general information and does not constitute the provision of INVESTMENT ADVICE. Investors should, before acting on this information, consider the appropriateness of this information having regard to their personal objectives, financial situation or needs. We recommend investors obtain investment advice specific to their situation before making any financial investment decision.