Trading World Markets

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gbp71116
gbp71116

SELL GBP/USD

ENTRY:    1.2500
STOP:      1.2600
TARGET:  1.2100

RISK / REWARD: 100 points / 400 points

BROKERS COMMENTARY: CITI

Lightning struck thrice on the UK court case, BoE and better PMI print. GBP is left 1.2-1.4% higher vs. EUR and GBP – not outsized given new information. Though the BoE may have put an initial floor on real rates, we don’t see a sustained GBP rally and expect investors will use current levels to reinitiate downside.

Be advised that TRADE SET-UP outcomes are unknown!
Broker’s Commentary is subject to unpredictable events that may adversely affect the outcome of each trade.
Please use appropriate Capital Management.

Be advised that TRADE SET-UP outcomes are unknown! 

Broker’s Commentary is subject to unpredictable events that may adversely affect the outcome of each trade.
Please use appropriate Capital Management.

Contact us to learn how to trade World Markets…

PHONE: 03 8393 1800

E-MAIL: info@myfxplan.com

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This information is general information only. Any advice is general advice only. Neither your personal objectives, financial situation or needs have been taken into consideration. Accordingly, you should consider how appropriate the advice (if any) is to those objectives, financial situation and needs, before acting on the advice. Myfxplan Pty Ltd (CAR No.001241758) is a corporate authorised representative of Intelligent Financial Markets Pty Ltd (AFSL No. 426359). The past performance of this product is not and should not be taken as an indication of future performance. Caution should be exercised in assessing past performance. This product, like all other financial products, is subject to market forces and unpredictable events that may adversely affect future performance.

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