GBP/USD Trade Signal

on Wednesday, April 27, 2011

UK Revised GDP q/q today :
Forecast 0.5%  and  Previous -0.5%
 

ACTION: 
BUY GBP/USD if 0.8% 
SELL GBP/USD if 0.2%

The Trade Plan

Our deviation for today’s trade is 0.3% to SELL and 0.3% to BUY. We’ll look to possibly SELL GBP/USD at 0.2% of release figure or worse; BUY GBP/USD at 0.8% of release figure or better.

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