FX.co ★ Trading plan for GBP / USD as of 05/04/2018

Apparently, the probability of further weakening of the pound is extremely high. First, due to the index of business activity in the services sector, which should decrease from 54.5 to 54.0. Secondly, in the United States, it is projected to reduce the number of applications for unemployment benefits by 12 thousand. True, the number of primary applications should grow by 10 thousand, but repeated decrease by 22 thousand.

The pound / dollar currency pair did not manage to be clearly fixed above the level of 1.4090, where after a small stagnation the bears returned to the market again. It is possible to assume that the downward mood will continue, lowering the quotation to 1.4030 / 1.4000.