GBP/USD Analysis: Saturday, April 7, 2018

Market Info

Last month's jobs report showed that the US economy added 313,000 jobs, the highest increase since July 2016. The market will focus on wage growth figures, less during the past year, as an early indicator of further inflationary pressures in the US.

Today's analysis expects an additional reading of 185,000 - 188,000 for the month of March. However, as concerns over a growing trade war and market sentiment remain fragile, a bad number this time could have a major impact on the market.

Analysis of GBP / USD

Below is the technical analysis of GBP / USD compiled at Timeframe M30 with the range pattern.

The method of analysis used is the detection of the range of movement of GBP / USD currency pair, based on High Low previous price.

Range Market: 1.3958 - 1.4082.

###Trading Plan

• Plan A: BUY STOP at 1.4062, TP 1.4082, SL 20 pips.
• Plan B: SELL STOP at 1.3978, TP 1.3958, SL 20 pip