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.