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GBP/USD was down almost one cent last week, as the pair closed at 1.5632. There are eight releases this week, including Manufacturing Production and PPI Input. Here is an outlook of the upcoming events, and an updated technical analysis for GBP/USD.

The pound weakened during the week, but made up for most of those losses following unexpected strong employment data out of the US. Economic releases out of the UK were mixed, and the BOE made no changes to QE or the key interest rate.

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/gbpusd-outlook-august-6-10/"]GBP/USD Outlook August 6-10[/URL][/I][/B]

The Japanese yen eventually remained unchanged in a week that saw classical range trading and regular risk on / risk off movements. Current Account and the rate decision are the Major events this week. Here’s an outlook for the Japanese events and an updated technical analysis for USD/JPY.

Last week. weak data was released with an unexpected drop of 0.1% in Prelim Industrial Production, A smaller than predicted rise of 1.6% in Household Spending and a disappointing decline of 0.6% in Average Cash Earnings. Japan’s economy is not picking up as the BOJ anticipated. Will this trend continue?

Read the rest of the article [B][I][URL="http://www.forexcrunch.com/usdjpy-outlook-august-6-10/"]USD/JPY Outlook August ...