A quick GBPUSD Long position for £143.60 profit

A quick GBPUSD Long position for £143.60 profit

With some vital USD data due out today concerning CPI and US retails sales, the forecast for both wasn’t looking good a GBPUSD Long Position trade was for the taking.

With Brexit potentially weighing on GBP it has kept a steady level and managed some strength for a help to push up for a GBPUSD Long position, we managed to take £143.60

This could be a clue to the banks getting in a good position to hedge in case of good US data which will strengthen the Dollar and go short.

Either way, we did our analysis and took our opportunity to take a quick position.

GBPUSD Long Position

(Our trading and image was done using an account with UK based broker IG)

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*Please Note, Binary Options and Forex trading can carry a high level of risk to your capital as you could lose all of your investment. These products may not be suitable for every investor, therefore ensure you understand the risks and seek independent advice. Invest only what you can afford to lose. We are NOT financial advisers and we do NOT offer financial advice. 




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