15 April 2020, GBP/USD
GBPUSD trading plan:
Positive macroeconomic statistics from China will have a positive impact on the value of high-yielding assets and the British currency. The overall trade surplus last month stood at $19.9 billion, compared with an expected $18.55 billion surplus in the poll and a deficit of $7.096 billion in January-February. The data showed imports slid 0.9% from a year earlier, also above market expectations of a 9.5% drop, which the customs attributed to improving domestic demand. They had fallen 4% in the first two months of the year. Beijing is trying to restart its economic engines after weeks of near paralysis to contain the pandemic COVID-19.
Trading recommendation: Buy 1.2565 and take profit 1.2611.
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