FX.co ★ Trading plan 11/03/2017

Trading plan 11/03/2017

GBPUSD: Now the decline looks more likely.

On Thursday, the pound behaved in a self-contradictory way (just the way it likes): showing a sharp decline at the rate hike of the Bank of England. Analysts, of course, explained the fall of the pound by the unwillingness of the Bank of England to firmly promise new rate increases.

Nevertheless, the fact is clear: Pound sellers were much stronger than buyers on the important news. Now a fresh decline looks more likely.

On Friday, a report on employment in the US for October (at 11:30 AM London Time - It should also be noted that on Monday, November 6, the United States will switch to winter time, and the news on the US will again go out into the usual 12:30 and 6:00 PM London Time.

Thus, there is the probability of strong movement.

We are ready to sell for a breakthrough downward to 1.3025.

The alternative is to buy at the breakthrough of 1.3325 upward.