Trading plan 12/29/2017

Trade plan 12/29/2017

Overall picture: Trend against the dollar.

In the last days of the outgoing year, there is a general trend against the dollar wherein the euro broke the level of 1.1900. It seems that the pound is ready to go up to 1.3470 while, both the Swiss franc and the Japanese yen have turned against the dollar.

These are good points to enter against the dollar, but the statistics of past New Year holidays taught us that in the first week of the new year, it is better to stay out of the market or to reduce risks at least.

GBP / USD pair

Buy the pair at the level of 1.3470, with the target of 1.3650.

We congratulate all of you on the New Year! Wishing you happiness, health and good luck!

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The material has been provided by InstaForex Company - www.instaforex.com