June 5, 2008

US Employment Situation Report

Should the Employment Situation report come better than expected it could make an opportunity to buy higher yielding currencies, such as AUD or GBP.

Before the report, which is scheduled tomorrow, it is likely that dollar lose ground.

I have placed Buy Limit order for GBPUSD at 1.9552 (on pivot line), targeting first resistance and expiring before the release.

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