Tomorrow morning we have the US Trade Balance report being released at 8:30 am EST. The consensus number is about -64.6 B, but we may see a larger deficit number after hearing that China’s export report was better than expected. So, here are a couple of trade ideas in case we see surprise numbers out of the US Trade Balance:
Long GBP/USD at 1.8515, stop at 1.8485, pt1 at 1.8540, pt2 at 1.8572
Short GBP/USD at 1.8375, stop at 1.8405, pt1 at 1.8350, pt2 at 1.8330
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