Thursday, May 3, 2018

Market Analysis and Trading Recommendations for May 3, 2018


Currency pairs are trading horizontally over the past two days and the US interest rate decision has not affected the trading movement much
The Euro started to climb again against the Japanese Yen and the US Dollar, the Dollar could not continue to climb while gold remained at the 1300 high
The British pound firmly held the strongest support at 1.35 and is trying to climb through yesterday and early morning trading
Today's trading recommendations are as follows


BUY EUR JPY @ 131.50      SL 130.00       TP 132.50
BUY EUR USD @ 1.1970    SL 1.1880       TP 1.2240
BUY GOLD      @ 1306        SL 1290          TP 1320
BUY GBP USD @ 1.3580    SL 1.34367     TP 1.37366
BUY GBP JPY @ 149.00      SL 147.584     TP 150.569

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