FX.co ★ Trading plan for GBP / USD as of 05/17/2018

Today, mixed data is expected on the number of applications for unemployment benefits in the US, which may cause further pounding of current values. The market participants are mostly guided by the number of initial applications for unemployment benefits, which should increase by 4 thousand. However, the number of repeated applications is more economically more economical, and this should be reduced by 10 thousand. The total balance should decrease by 6 thousand, but, given the increase in the number of initial applications, initial fluctuations in the direction of strengthening the pound are possible. Then everything should be back to square one.

The currency pair pound / dollar, strictly speaking, stands still, moving in the corridor 1.3440 / 1.3610, consistently practicing the boundaries. Probably assume the preservation of the current mood, where the main movements I would consider only after the breakdown of the boundaries.