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Forum Guru
 
Group: Administrators
Last Login: 8/25/2010 9:38:53 AM
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TRADING CENTRAL's FX OPTIONS TRADE ALERT
British Pound Trading OUTLOOK
13:35 GMT - 09:35 NYT - Wednesday, July 6, 2010
GBP (GBP/USD): further USD weakness expected
Pivot: 149
Our forecast: Up move towards 156 or even 162.
Comment: The pair has broken above its MT bearish channel upper boundary and should accelerate on the upside as the daily RSI is well directed.
To leverage our Trend Opinion on British Pound, we selected the following strategy.
Buy GBP Aug 10 154 CALL
Click here to view supporting charts and data for our trade alert:
http://www.fxoptions.com/Site/NewTradeAlerts.aspx
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