The market is calm
From yesterday's macroeconomic data only the Michigan consumer sentiment index drew attention. It showed 98.0 against the expectation of 97.1. The PPI showed -0.1% against the expectations 0.0%.
Today, most of the European markets are closed due to Good Friday, but the important US economic data will be published
In March the retail sales are expected at -0.1%. The business inventories are expected unchanged at 0.3%. The core CPI is expected unchanged at 0.2%.
We don’t expect an active movement today. But there are rumors that the United States can launch a preemptive strike against North Korea in the case of another nuclear test, and the North Korean authorities have already hinted at it. And this is the strengthening of the US dollar. We wait for the development of events. The pair GBP/USD is likely to trade in the range of 1.2500-1.2570.
How we trade binary?
In our view, the price will continue downward if reach 1.2500 level. We would buy Put binary options if a one hour candle opens and closes below the 1.2500 level. If our first target is not reached and the price goes above 1.2570, the first scenario would be invalidated. We would buy Call options if a one hour candle opens and closes above the 1.2570 level.
Target price: 1.2500
Expiry time: 20:00 GMT