| Technical Analysis (October 9, 2014): The FOMC Meeting Minutes show that the Fed also wants a weak currency. As a result, the dollar sold off against all the major currencies.
The GBPUSD, of all the currencies, may be one that could see a rally. Why? They have some members who want to raise rates now. Their economy is not as fragile as others. It is more like the US economy and the price has been moving lower. In the Greg Michalowski from www.ForexLive.com, looks at the pair from a technical perspective and outlines the risk and potential targets for the pair in the near term. The Forex Market is volatile. Technical Analysis helps to define and limit risk for traders. Visit ForexLive for real-time news, analysis and technical analysis of the forex market. SUBSCRIBE FOR FOREX VIDEOS EVERY DAY http://www.youtube.com/channel/UCpuHc1_Ygi07bbL2XHmmRLw?sub_confirmation=1 SUBSCRIBE TO OUR EMAIL LIST! LET’S CONNECT! |
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