An unexpected increase in interest rates by the people's Bank of China was broad-based volatility creating an environment overall risky for speculators. Commodity dollars that been dependent on emerging market coincided with prevailing risk-taking disappear. The dollar benefits from the subsequent flight to safety, supported by a growing uncertainty drafted will initiate new quantitative easing measures at your next meeting. We could see markets that begin to quiet the uncertainty over monetary policy for the world's largest economy test how technical levels with conviction potentially fade. The Bank of England is also the edge which add to their own stimulus efforts why scalper might the GBP/USD before its final policy to target meeting minutes. The danger is that the majority vote to remain, music on hold, has broken in three camps with hand, hike QE add for those the the course and Andrew sentence - the lone voice for a rate to stay. Key technical level
charts with strategy trader - prepared created by John Rivera the GBP/USD tests trend-line support started, their recent slow decent and could generate a period of consolidation. Threatening event adds the case for subdued volatility go forward and dealer should wait to recognizable patterns develop enter indentify targets and leave positions.
Charts with strategy trader - prepared created has seen quantitative metrics the GBP/USD by John Rivera key support/ResistanceLevels to watch his Bollinger band start to narrow and 475 is pips at the bottom of most traded pairs. However, can the current volatility that change how the couple from his broken short-term channel. A growing ATR has increased I also an other ref flag as daily volatility to 152 pips and close to the top of the majors.
Trader - created charts using strategy prepared, John Rivera volatility / activity click indicators for additional info on scalping strategies to discuss scalping strategies and get tips from other traders visit the scalping Forum. Added to this report to discuss or e-Mail list, contact John Rivera, currency Analyst: jrivera@fxcm.com
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