GBP/USD ignores downbeat options market signals to aim for 1.2350 retest

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GBP/USD ignores downbeat options market signals to aim for 1.2350 retest – by anilpanchal7 GBPUSD Options Markets RiskAppetite Currencies

That said, the options market signals seem to underpin the broadly bearish bias surrounding the GBP/USD pair, even if failing to support the latest rebound.

It should be noted that the RR is the difference between the call options and put options and generally directs theTalking about the quote’s latest inaction, the same could be linked to the cautious mood ahead of the Federal Open Market Committee monetary policy meeting. Even so, downbeat UK inflation expectations and housing statistics keep the GBP/USD bears hopeful.GBP/USD: Downbeat UK inflation expectations, housing data supersede Brexit news above 1.

If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.

 

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