For Traders

Analytical Reviews

Trading plan

03.04.201809:43 Forex Analysis & Reviews: Trading plan for GBP / USD as of 04/03/2018

Long-term review

This information is provided to retail and professional clients as part of marketing communication. It does not contain and should not be construed as containing investment advice or investment recommendation or an offer or solicitation to engage in any transaction or strategy in financial instruments. Past performance is not a guarantee or prediction of future performance. Instant Trading EU Ltd. makes no representation and assumes no liability as to the accuracy or completeness of the information provided, or any loss arising from any investment based on analysis, forecast or other information provided by an employee of the Company or otherwise. Full disclaimer is available here.

In the United Kingdom, a significant decline in the business activity index in the manufacturing sector is expected, from 55.2 to 54.7 which seriously limits the prospects for the British pound. However, there is a high probability of consolidation at existing levels, as in the United States, sales of vehicles are expected to decrease from 17.1 million to 16.9 million which will have a negative impact on the dollar.

The pound/dollar currency pair was able to reach the level of 1.4000, however, slowed down the movement and form a stagnation which resulted in the subsequent pullback. We can probably assume a further bump in the level, but the course through 1.4145 will open in case of fixation above 1.4090 level.

* The presented market analysis is informative and does not constitute a guide to the transaction.

Back to the list

Open trading account

InstaForex analytical reviews will make you fully aware of market trends! Being an InstaForex client, you are provided with a large number of free services for efficient trading.