GBP/USD Report 4th april 2013

Dated : 4^th April 2013

GBP/USD ANALYSIS

Comments:

In view with the Data release today:

UK (GBP):

Service PMI

Official Bank Rate

Asset Purchase Facility

MPC Rate Statement

USD ($):

Unemployment Claims

FED Chairman Bernanke Speech

Market is already discounting the expected NEWS, for which the levels of market is given below for today:

1.5085

1.5065

1.5040

1.5000

If market breaks the level of 1.5040, it will go for 1.5000 hunt. Data is considered to be the most influential in nature, so that Trader must look for this above said 5040 level.

If market takes reversal, at this point, it must hunt following levels:

1.5144

1.5174

1.5234

1.5322

For the clear up indication in the market it must cross 1.5218 and then 1.5260 (which is a strong Resistance) so that market then freely moves to 1.5322.

Tips for Today Trading:

Go Short till 1.5060 (Be carefull at time of news release)

Then After 1.5040 go short for 1.5000

OR

If market goes rapidly down on the release of  news, go short till 1.5000
Market will attempt 1.5000 and will go up at 1.5100,
Sell at High.
 Buy at low at 1.5000 till 1.5100 and then again sell at high, But donot buy after 1.4950.

If you make profit on this tip, Kindly leave a comment here or email us.

For further Discussion Contact:

+923432565293 (Also available on whatsapp)

+923323691889 (rk.khatri@hotmail.com)