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04.05.201814:22 Forex Analysis & Reviews: Trading plan 05/04/2018

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Trading plan 04/05/2018

The general picture: The market stopped in anticipation of events.

The wave of the dollar strengthening has temporarily stopped.

On the one hand, the Fed has not shown a firm commitment to steadily raise the rate. On the other hand, inflation in Europe unexpectedly declined in April, which gives the ECB a reason to postpone tightening of monetary policy again.

Markets are waiting with great attention to the outcome of the US-China talks on the issue of mutual trade.

Today, the report on employment in the US for April will be released at 12.30 London time.

GBP / USD pair: We are waiting for the formation of the range.

We should buy from the level of 1.3460.

We should sell from the level of 1.3770.

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