Positive news | 04 April 2019

04 April 2019, GBP/USD

Positive news

GBPUSD trading plan:

The Bank of England will do what it can to support the economy in the event of a no-deal Brexit - said Mark Carney. Prime Minister Theresa May plans to negotiate with opposition leaders. Investors hope for a positive outcome of the negotiations and buy the British currency. The United States disappointed investors with a weak report. The 129,000 new jobs created was the lowest monthly total since September 2017, according to payroll processor ADP. A decline in employment can cause a decline in GDP. As a result, we get an uptrend in the GBPUSD currency pair.

Trading recommendation: Buy 1.3152 and take profit 1.3200.

David Johnson
Analyst of «FreshForex» company
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