Monday, November 17, 2008

United Kingdom Economic Calendar

Tomorrow there will be another volatility for GBP as there will be 2 important reports released on 9:30 (GMT Time) which are:
- Consumer Price Index (Oct)
- Retail Price Index (Oct)

Based on the pattern today, if it keep dropping, tomorrow might be the good time to enter.. If it managed pulled back to as low as 0.820-0.822 to fill up the gap, then it will be the best price to enter.. Alternatively, if it can hold strongly at 0.835-0.839, it might be not so bad entry price for long position, just that the risk is higher..

Observe the movement and pattern of this pair and decide which price is better to enter..

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