| Videos | Channels | Search |
Coleman: Trading GBPUSD two ways
Ian Coleman from First 4 Trading highlights two possible trading scenarios in GBPUSD this today. He is bearish on the currency pair until the Bank of England interest rate decision at 11:00 GMT. The Bank of England is expected to maintain the current interest rate of 0.5 percent for the 73rd straight month. Investors have speculated that rates will not change until the second-half of 2016. Therefore, prior to the BoE’s announcement, Ian is planning to sell GBPUSD at the market open with a 30 pip stop. He is targeting a move towards USD 1.4810.
Ian expects to see a bullish reversal in the market after the BoE’s announcement and would then look for a medium term break of USD 1.5000 and the measured move target of USD 1.5350.
Join the conversation below to be a part of the social trading experience.
Non-independent investment research disclaimer
01:27 minutes
Tags: bank, bank of england, bank of england interest rates, bank of england mark carney, boe, boe inflation report, boe interest rates, boe minutes, boe rates, boe rates decision, cable, cable dollar, currencies, currency, currency market, currency markets, currency pair, currency pairs, currency strategy, currency trading, currency trends, foreign exchange, forex, forex 2015, forex 2015 outlook, forex buying, forex exchange, forex idea, forex market, forex market overview, forex markets, forex saxo bank, forex strategy, forex trade idea, forex trade ideas, forex trading, forex trading 2015, fx, fx crosses, fx forex, fx gbpusd, fx investing, fx market, fx markets, fx options, fx saxo bank, fx spot, fx strategy, fx trade, fx trade idea, fx traders, fx trades, fx trading, fx trends, fx volatility, fx volatitily, fxmarkets, gbp, gbp trading 2015, gbp usd, gbpusd, ian coleman, ian coleman first 4 trading, ian coleman traders tale, saxo, saxo bank, saxo bank forex, saxo bank saxo tv, saxo bank trading, saxo bank trading floor, saxo bank tradingfloor.com, saxo bank tv, saxo trading, saxo tv, saxo tv saxo bank, saxo tv trades, saxo tv trading floor, saxo tv tradingfloor, saxo tv tradingfloor.com, saxobank, saxotrader, saxotv, social trading, sterling, sterling appreciation, sterling dollar, sterling forex, sterling strength, sterling trading, trade, trade idea, trade ideas, trade view, trader, traders, traders tale, traders tale ian coleman, traders tale saxo tv, trading, trading fx, trading idea, trading strategy, trading tips, tradingfloor, tradingfloor saxo bank, tradingfloor saxo tv, tradingfloor.com, tradingfloor.com insights, tradingfloor.com saxo tv, tradingfloor.com trade ideas, us dollar, us dollar index, us dollar index bullish, usd