GBP/USD
reached the resistance at 1.4470 and formed a doji candlestick on the daily time-frame
below that level. This means that is quite likely that the pair will start
moving to the downside again, its first target being around 1.4280. Should it
break below that level I think we can expect a further drop towards the next
support around 1.4100. All that said, we should, of course, take into
consideration that tomorrow is the first Friday of April, which means that the
US change in the Non-farm payrolls will be announced, so this prognosis might change
depending on the results of the fundamentals.
We'll have to wait for the NFP.
ReplyDeleteI fully agree with you, we have to wait for the NFP later today.
ReplyDeleteIt’s an useful analysis
ReplyDelete