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GBPUSD Trade Idea (December 15, 2014)

|Includes: iPath GBP/USD Exchange Rate ETN (GBB)

Key Events :

1. GBP CBI Industrial Order Expectations

2. USD Empire State Manufacturing Index

3. USD Capacity Utilization Rate

4. USD Industrial Production m/m

5. USD NAHB Housing Market Index

6. USD TIC Long-Term Purchases

I believe that the pounds is still having downward pressure. Put-call options position reflected that the price converged at 1.55611 in past few days. Thus, our outlook remains the same, short position.

Short GBPUSD 1.57266 SL 1.58246 TP 1.55154

Disclaimer :

This report is proprietary information of author that is intended to readers as information purpose only. The analyses and opinions expressed represent subjective views of the analyst, as of date indicated, may no longer be current , and may change as a result of price behavior development in market. It is prohibited to distribute, reproduce, or publish in whole or part without prior consent of author.

Author does not accept liabilities or losses that come from damage in FX and Commodities trading

Disclosure: The author is short GBB.