GBPUSD TODAY JANUARY 18, 2013

Jan 18, 2013 10:15 am

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Technical analysis on GBPUSD:

For the past one week the GBPUSD went on Strong Sell only. But today from the morning itself some of the buy trends are seen on the graph.

But the moving averages and the SAR travels in the Downtrend’s, the signal may go on through the sell side.

Using Economic calendar:

There’s high impact news today on GBP, to be published at GMT 09.30. The discussion is on Retail Sales Measure, which accounts for the majority of overall economic activity.

· Retail Sales (MoM)

· Retail Sales (YoY)

For more about Economic Calendar: http://news.fxbase.com/index.php/2013/01/12/economic-calendar-for-january-14-to-january-18/

On the basis of both technical and fundamental analysis, we are giving a single arrow in the Downtrend

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