FOREX: Technical Analysis for GBPUSD. Setting up for the news this week: October 20, 2014
FOREX: Technical Analysis for GBPUSD. Setting up for the news this week
The GBPUSD has some key events this week. The technical analysis and trade bias will be determined from the price action through these events. On Wednesday, the Monetary Policy Committee will release the meeting minutes from their last interest rate decision. On Thursday, Retail Sales will be released and on Friday the Preliminary GDP will be released.
In the video report, Greg Michalowski, Director of Technical Analysis and Forex Trading Education, outlines the technical levels that are most important as the week begins.
The Forex Market is volatile. Technical Analysis helps to define and limit risk for traders.
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