FX:GBPUSD   British Pound / U.S. Dollar
62 0 3
The idea that USD has been performing weakly for the past couple of month has tests and completed the head and shoulders pattern and is now retested the neck line. I see potential move to the upside however there are upcoming events that might be of great importance.

Thursday, May 12
06:00 GBP BoE Inflation Report
06:00 GBP BoE MPC             vote cut (May) 0 0
06:00 GBP BoE MPC             vote hike (May) 0 0
06:00 GBP BoE MPC             vote unchanged (May) 9 9
06:00 GBP BoE QE Total (May) 375B 375B
06:00 GBP Interest Rate Decision (May) 0.50% 0.50%
06:45 GBP BoE Gov             Carney Speaks
07:30 USD Export Price Index (MoM) ( Apr             ) 0.1% 0.0%
07:30 USD Import Price Index (MoM) ( Apr             ) 0.5% 0.2%
07:30 USD Initial Jobless Claims 270K 274K

Friday, May 13
07:30 USD Core PPI (MoM) ( Apr             ) 0.1% -0.1%
07:30 USD Core Retail Sales (MoM) ( Apr             ) 0.5% 0.2%
07:30 USD PPI (MoM) ( Apr             ) 0.3% -0.1%
07:30 USD Retail Sales (MoM) ( Apr             ) 0.8% -0.4%
09:00 USD Business Inventories (MoM) (Mar) 0.2% -0.1%
09:00 USD Michigan Consumer Expectations (May) 78.1 77.6
09:00 USD Michigan Consumer Sentiment (May) 90.0 89.0
12:05 USD Baker Hughes             U.S. Rig Count 328

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