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ISE British Pound OUTLOOK  
  GBP (GBP/USD on ISE): further GBP/USD weakness in sight. 15:41 GMT - 10:41 NYT - February 05, 2010
Pivot :   162.50  
Our forecast :   Down move towards 152.50 or even 145.  
Comment : The RSI is capped by a MT declining trend line and calls for a further weakness as the pair is breaking below its strong support.
 
    
  To leverage our Trend Opinion on the ISE British Pound currency rate we selected the following strategy.
  Option Strategy LONG PUT
  Action Buy to Open
  Last Price 1.10 - 1.20
  Target At or above 2.30
  Stop loss At or below 0.90
  Option Details  
  Type PUT
  Strike 153
  Maturity Mar 10
  Option Ticker YGPOF
  Option Market ISE Exchange
  Currency Rate ISE British Pound
  CurrencyTicker GBP
 
* Volatility Cones can be used to visualize current option implied volatility relative to historic volatilities at different maturity ranges. * Historical volatility measures actual market fluctuations of an underlying asset. Implied volatility is a measure of market expectations regarding the underlying future fluctuations.
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