GBPUSD | Perspective for the new week | Follow-up

Despite US job growth slowing down, the economy still added 236,000 jobs in March though below expectation and has averaged gains of 345,000 per month during the first quarter, well above the level the central bank sees as consistent with its 2% inflation goal. An immediate reaction resulted in the dollar strengthening on Friday hereby suggesting that the Federal Reserve may have to raise interest rates next month. With nonfarm payrolls out of the way, all attention is now focused on next week's US consumer price index (CPI) for the month of March. From a technical standpoint, this video shed light on the critical nature of the current market structure as we anticipate the series of high-impact macroeconomic events in the coming week.

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Price action caught within an indecisive phase just along the key level identified in the video at the 1.24200 level. So, we are going to remain patient for a signal in the form of either a breakout or breakdown of the phase for trading opportunities as price action remains on the trendline supporting the bullish momentum.

Good morning

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Secure the sell positions as we witness our sell position for the week.

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Secure sell position as we remain patient for more opportunities to sell. Let's see how far the current retracement will go before another wave starts. Waiting for reversal patterns to mature.

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After been taking out of all sell positions, we shall look forward to either a breakout or breakdown of the current structure for signals.

Good morning

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Secure buy position

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Fall out from the recent live session; price action takes out the buy position at break-even as selling pressure resumes.

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outlook on the 15 minute timeframe

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Secure sell positions

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After being taken out of all sell positions, price action remains very choppy hence we wait for a signal for trading opportunities.

Good morning

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As discussed

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Secure sell positions

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Price action takes out the sell positions at break even as bullish momentum is enacted have an expected CPI figure. Looking forward to buying opportunities above the 1.24500 level

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Secure buy positions

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NOTICE

We are waiting for 1H candle to close on all pairs for our next line of action.

PATIENCE!

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44pips in profit, secure the buy position

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Secure buy position as we get ready to add more positions at the breakout/retest of the 1.244950 level, we talk about this during our session

Good morning

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The second position triggered, secure all buy positions as we look out for more opportunities

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Selling pressure resumes

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Secure all buy positions

Good morning

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Just as discussed, selling pressure resumes ahead of the Retail sales and CPI as price action breakdown/retest the bullish trendline at the 1.25200 Level.

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UPDATE

The US Dollar is likely going bullish following the negative variance from the CPI and retail sales readings. Updates coming in soon

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Secure all sell positions as we look forward to more opportunities

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Multiple positions with a total of 120 pips running in profit; secure all sell positions

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Happy weekend everyone!