Apr-6-2007
Non-farm Payroll and GBP/USD
Today 8.30am EST will be releasing the Non-farm Payroll report which will bring the greatest impart on USD. So, stay out of the market.
But generally as we heard about the bad news are more than the good news for US, I suspect that this report will give bad news to USD. Therefore, it will be fulfilling the GBP/USD for upper movement.
Let’s look at the latest daily chart as of today:
Price tested the yellow trend line and bounce back while MACD line is almost punching up the 0 level line. So, let’s see what happen later at 8.30am EST.
Tags: daily chart, daily chart, Forex, Forex strategy e-books, GBP, level line, MACD, movement, Nonfarm Payroll, USD