GBP/USD Weekly Forecast - Week Commencing 05/03
Weekly Fundamentals: (High Risk events)
Friday 10th March
13:30 GMT USD - NFP (Previous: 227k Forecast: 190k) - Note: Recent FED rhetorics have been hawkish with a March rate hike almost certain. A very poor NFP figure would be needed to make a bearish impact
13:30 GMT USD - Change in Unemployment (Previous: 4.8% Forecast: 4.7%)
Analysis:
Looking to enter a long position once there is a break of 1.64660. The is MACD confluence on 1W and 4Hr. Waiting for the 1D time frame to show this before a long position which should come into play after the break of this resistance.
Friday 10th March
13:30 GMT USD - NFP (Previous: 227k Forecast: 190k) - Note: Recent FED rhetorics have been hawkish with a March rate hike almost certain. A very poor NFP figure would be needed to make a bearish impact
13:30 GMT USD - Change in Unemployment (Previous: 4.8% Forecast: 4.7%)
Analysis:
Looking to enter a long position once there is a break of 1.64660. The is MACD confluence on 1W and 4Hr. Waiting for the 1D time frame to show this before a long position which should come into play after the break of this resistance.
Trade active:
Entered at 1.22600
