For Traders

Analytical Reviews

Trading plan

17.05.201808:59 Forex Analysis & Reviews: Trading plan for GBP / USD as of 05/17/2018

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.

Today, mixed data is expected on the number of applications for unemployment benefits in the US, which may cause further pounding of current values. The market participants are mostly guided by the number of initial applications for unemployment benefits, which should increase by 4 thousand. However, the number of repeated applications is more economically more economical, and this should be reduced by 10 thousand. The total balance should decrease by 6 thousand, but, given the increase in the number of initial applications, initial fluctuations in the direction of strengthening the pound are possible. Then everything should be back to square one.

The currency pair pound / dollar, strictly speaking, stands still, moving in the corridor 1.3440 / 1.3610, consistently practicing the boundaries. Probably assume the preservation of the current mood, where the main movements I would consider only after the breakdown of the boundaries.

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.