Forex Market is on the Move -TCI Forex Trading Signals GBPUSD and GBPJPY
As concerns, the last couple of weeks, volatility in the Foreign Exchange Market is skyrocketing. This can not be considered as an abnormal phenomenon, given that we are entering the last month of the year, December, which has been proven considerably volatile month in the past decade. Currently, the Forex Market is witnessing very strong and very long trends, and the British Pound (GBP) leads the way. Especially as concerns GBPAUD and GBPJPY, the British Pound seems that easily broke every major resistance level of recent years. Before we investigate more the current trends in the Foreign Market, let’s evaluate our last trading signal on EURUSD.
{slider=Previous Forex Trading Signal on EURUSD}
Trading Center’s Previous Forex Trading Signal
It has been a while since our last Forex Trading Signal. By that time, we have indicated that EURUSD is trading bullish and that will probably reach a new high. That actually happened, but not exactly in the time frame that we have set. There were two reasons for that delay. Firstly, the ECB decision to lower Euro interest rates to 0.25%, and secondly the downgrade of the French Economy Credibility, from AAA to AA (Standard & Poor’s).
Current Forex Trends -What Happens Next
We are going to investigate what happens next regarding two great movers of the current market, GBPUSD, and GBPJPY. The British Pound has been a clear protagonist recently,