TRADING CENTRAL's FX OPTIONS TRADE ALERT
ISE British Pound OUTLOOK
14:38 GMT - 9:38 NYT - Tuesday, April 06, 2010 GBP (GBP/USD on ISE): further GBP/USD weakness expected
Our forecast: Down move towards 148 or even 142.50.
Comment: The RSI stands within a bearish channel, the pair should strike against its new resistance.
To leverage our Trend Opinion on the ISE British Pound currency rate we selected the following strategy.
Buy GBP May 10 148 Puts (IKT May 22 '10 $148 Put)
Click here to view supporting charts and data for our trade
ISE British Pound OUTLOOK
14:38 GMT - 9:38 NYT - Tuesday, April 06, 2010 GBP (GBP/USD on ISE): further GBP/USD weakness expected
Our forecast: Down move towards 148 or even 142.50.
Comment: The RSI stands within a bearish channel, the pair should strike against its new resistance.
To leverage our Trend Opinion on the ISE British Pound currency rate we selected the following strategy.
Buy GBP May 10 148 Puts (IKT May 22 '10 $148 Put)
Click here to view supporting charts and data for our trade