Vantage FX (www.vantagefx.co.uk) look at how Technical Indicators line up with a week where we have a lot of economic news.
Non-Farm Payrolls Week
In this part of the series we are examining the GBP/USD chart over the past week, beginning with last Wednesday where we saw a lot of movement. Since then, the pair has gone up by 2 cents, with the dominant theme being sideways. GBP/USD strengthened today on the back of the release of unexpectedly high UK PMI. With central bank meetings tomorrow in the UK, Europe and Japan, we should see some interesting technicals, all leading up to the NFP figure on Friday.