British Pound OUTLOOK
By sales@tradingcentral.com (Trading Central)
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FX Options trade alert
British Pound OUTLOOK
Mon, Apr 13 2009, 12:19 GMT
by Trading Central Team
BPX (USD/GBP on ISE): Further USD weakness expected.
Pivot: 70.90
Our forecast: Down move towards 66.55 & 65.
Comment: The RSI has broken below its LT rising trend line, the pair is on the downside and is challenging its strong support.
To leverage our Trend Opinion on the ISE FX British Pound we can use different options :
* 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.
Published on Mon, Apr 13 2009, 12:25 GMT
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