GBP/USD Trading Higher, BBA Approvals Slip

by Benzinga Staff
August 24, 2016 5:43 AM | 19 seconds read | Make a Comment

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

GBP/USD is trading at 1.3222, up 0.0025. The pair is trading near the highs of the session. Trading is modestly choppy. The British Bankers' Association (BBA) reported that mortgage approvals declined to 37,662 in July versus 39,763 in June. The U.K. Office for National Statistics (ONS) is scheduled to release GDP data (gross domestic product) Friday at 4:30 a.m. ET.

20-Year Pro Trader Reveals His "MoneyLine"

Ditch your indicators and use the "MoneyLine". A simple line tells you when to buy and sell without the guesswork. It’s a line on a chart that’s helped Nic Chahine win 83% of his options buys. Here's how he does it.

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