Tuesday, August 9, 2011
British Pound Trading
BPX (USD/GBP): further USD decline expected
Pivot: 62.15
Our forecast: Down move towards 60.5 or even 59.75.
Comment: The pair has broken below a rising trend line and remains under pressure, the RSI is badly directed.
To leverage our Trend Opinion on British Pound, we can use different options :
1. Buy BPX Sep 11 62 PUT
1. Buy BPX Sep 11 63 PUT
1. Buy BPX Oct 11 62 PUT
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