ISE British Pound OUTLOOK

BPX (USD/GBP on ISE): new USD weakness expected. Pivot: 63 Our forecast: Down move towards 60 & 57. Comment: The pair is posting a slight rebound but should be capped by its MT declining trend line. To leverage our Trend Opinion on the ISE British Pound we can use different options: * Volatility Cones can be used to visualize current option implied volatility relative to historic volatilities at different maturity ranges. * Historical volatility measures actual market fluctuations of an