GBP/USD Weekly uptrend opportunity based on 1.00 Lot Calculation:
- EVENT: Wednesday, January 19, 07:00 am GMT – The December inflation data from the UK. In November, the headline inflation rose to 5.1% - very high number that pushes the Bank of England towards monetary tightening…
- Expectations are high that the Bank of England may further increase its interest rate at the next meeting, scheduled for the beginning of February.
- No lockdowns are on the horizon in Great Britain, while the number of Covid-19 infections is lower in the last few days.
GBP/USD, January 12, 2022
Current Price: 1.3618
GBP/USD |
Weekly |
Trend Direction |
|
1.3758 |
|
1.3738 |
|
1.3718 |
|
1.3518 |
|
1.3498 |
|
1.3478 |
Example of calculation based on weekly trend direction for 1.00 Lot*
Profit or loss Short in $ |
1,400 |
1,200 |
1,000 |
-1,000 |
-1,200 |
-1,400 |
Profit or loss Short in €** |
1,233 |
1,057 |
881 |
-881 |
-1,057 |
-1,233 |
Profit or loss Short in £** |
1,028 |
881 |
734 |
-734 |
-881 |
-1,028 |
Profit or loss Short in C$** |
1,759 |
1,508 |
1,257 |
-1,257 |
-1,508 |
-1,759 |
* 1.00 lot is equivalent of 100,000 units
** Calculations for exchange rate used as of 07:55 am (GMT) 12/1/2022
Fortrade recommends the use of Stop-Loss and Take-Profit, please speak to your Client Manager regarding their use.
*** You may wish to consider closing your position in profit, even if it is lower than suggested one
**** Trailing stop technique can protect the profit – Ask your Client Manager for more details