GBPUSD Analysis 03 April 2015


1.4870 – 1.47515 band is the important area that GBPUSD took seriously for the last days. As you see on 4Hrs chart, currency is traveling between this levels for a time. Current situation is, it will likely go down to 1.4751 again. Our view is down trend continues and before we get to 1.4751, GBPUSD will not try to break above 1.4870.

Traders should take care of this band area. Also at 13:30 (GMT) NonFarm payrolls will arrive from US. At that time hight volatility will occur as also major markets are closed for today. Because of that, currency pairs are only instruments to trade for today.



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