Today will be the nonfarm payroll report. Tomorrow will be holiday. So, it’s the last day of trading for this week.
We can see from all sorts of fields which show the bad economy of US right now. Starbucks had just closed down 600 of its shops and 12,000 of its employees just loss their jobs….
This is just increasing the unemployment rate and my prediction is that USD will fall. So, if you would like to take risk and trade the GBP/USD or EUR/USD or other USD related pair, go short for USD.
Obviously, it will be good to buy GBP/USD and sel USD/JPY as I mentioned earlier as Pound is at its strongest point against USD.
Have a great forex trading day and hope that this nonfarm payroll will help you get some profit.
God bless!