Business-Insider

I wanted to add some video content to the blog article I wrote this morning about the potential in the GBP/USD with this post. However, besides the forecast on the GBP/USD we will look at the other majors and in particular the commodity currencies in today's video pairs - So check it out.

I think the GBP/USD has hit a bottom for a few reasons. The first is that the USD is only going to look weaker, falling yields, soft equities and economic uncertainty as we get ready to deal with the presidential race have be biased against the USD. Second, from a technical perspective, the GBP/USD has formed a bullish divergence. In this case I used a 14 period CCI to evaluate the divergence and illustrated that in the video. Divergences have been very useful on this pair in the past. This divergence is also true when you look at the pair's implied volatility levels. Risk does not seem to be spiking with the new lows. Finally, the news today about rising imports and exports indicates stable demand in the economy and didn't throw up any red flags when I read the data. Check out the video and make up your own mind.

To see the video, click here: http://www.pfxglobal.com/index.php?o...836&Itemid=149
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