GBP/USD Breakout on Tap with UK GDP, A Word on USD/JPY and EUR/USD
The British pound's top event risk - 1Q GDP - is due at the same time GBPUSD has reached the end of a terminal range. This is the perfect mix for a guaranteed volatile breakout. There is also a considerable probability for a trend to develop with this event risk, but the outcome and currency pairings are more important to that escalation. We discuss this unique trading setup along with the fundamental-risk trend mix potential behind EURUSD and USDJPY in today's video.
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DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.