Trading plan 02/28/2018

Trading plan 02/28/2018

The GBP / USD currency pair is preparing for growth.

The general picture: The first major event of the week passed. On February 27, the new head of the Federal Reserve, Powell, spoke in the US Congress.

The Fed is ready to raise the rate, at least 3 times + 0.25% in 2018. The main focus is on inflation in RFE (and this data will be released tomorrow, on Thursday, March 1, at 13:30 London time!)

The dollar strengthened on the Fed.

Today is the second event of the week. US GDP report (second reading for the 4th quarter) at 13:30 London time.

Pound: We expect the pound to rise in anticipation of a rate hike.

We buy a pound at a decrease from 1.3800 and lower, or after a breakout to the top 1.4150.

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