U.K. Currency "Pounded", Guggenheim CurrencyShares British (NYSE

FX:GBPUSD   British Pound / U.S. Dollar
91 0 1
Over the last several weeks, the British Pound as seen by Guggenheim CurrencyShares British (NYSEARCA:FXB), has seen a tremendous decline. The currency pair of GBP/USD             has had a terrible summer as it peaked out in July, at a high of $1.719 and currently resides at just about $1.60. In the currency world, that is almost defined as a currency crisis. This decline is happening on the news that Scotland is seeking independence. With this decline my interest has been peaked for a trade on the long side. I will use the Guggenheim CurrencyShares British (NYSEARCA:FXB) ETF as my vehicle of choice, however, I will use the levels from the actual currency pair of GBP/USD             for entry and exit levels. The two levels I have isolated for a long side trade are $1.600 and then a bit lower at $1.5721. These two levels are based on key fibonacci levels, in addition to some proprietary techniques. Keep this chart on your radar and look to profit on this currency pair.

If you only read one email again, make sure it comes from the Elite Round Table. Our FREE market emails contain information that can actually make you money. Ask yourself, what email have you read that can do that? Answer = none. Join our list here.

Parm Mann
Elite Round Table
Follow me on twitter: @ParmMannTrader
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out