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May 04 - 07:55 AM

GBP/USD - 10:1 Return If GBP/USD Holds 1.38-1.40 For Another Week

By Richard Pace  —  May 04 - 06:02 AM
  • GBP/USD inside 1.38-1.40 since April 20, but can it hold?

  • 1-week expiry 1.38-1.40 double-no-touch option can return 10:1 if it does

  • Neither strike can be touched pre expiry (Tues May 11) to receive payout

  • Rising 100-dma underpins 1.3772, Apr 20 high since Mar 4 1.4009 resistance

  • If DNT strikes are widened slightly to 1.3770-1.4010 - option can return 4:1

  • Danger this week is US data, BoE, and Scottish elections nL1N2MR08T

For more click on FXBUZ


GBP=D3 Click here

1.38-1.40 DNT GBP Click here

Source:
Refinitiv IFR Research/Market Commentary

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