Yesterday the trading was calm
Today, the pair GBP/USD has dropped significantly since morning. There is a rumor that Greece may refuse to pay current payments on loans if the EU doesn’t provide the relief of the current conditions and accelerate the next tranche.
Today it’s worth to pay attention to the US data
In April, the personal income of consumers is expected to grow by 0.4% after 0.2% in March. The personal spending is projected at 0.4% vs. zero change a month earlier. The index of consumer confidence from the Conference Board is expected to decline from 120.3 to 119.8 in May. Also, the S&P/Case-Shiller home price index in the 20 largest US cities may fall from 5.9% y/y to 5.7% y/y.
How we trade binary?
We would buy Put binary options with 20:00 GMT expiry if a one hour candle closes below the 1.2804 level. If our first target is not reached and the price goes above 1.2860, the first scenario would be invalidated. We would buy Call options if a one hour candle closes above the 1.2860 level.
Target price: 1.2804
Expiry time: 20:00 GMT