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GBP/USD - The British Pound against the US Dollar is one of the oldest currency pairings in the world. The pair is often called 'The Cable', as the first transatlantic communication cable run across the floor of the Atlantic, connecting Great Britain with The United States, was used to transmit currency prices between the two economies. 'The Cable' remains a favorite of traders today, accumulating massive interest considering the size of The UK economy.


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Weekly British Pound and US Dollar Trading Forecast

Symbol Forecast Outlook


Symbol Trend Bias Time Frame Candlestick Formation Candle Bias Chart Links

Elliot Wave

Symbol Bias Time Frame Invalidation Objective Chart Links


Symbol LastWeek Present %Long Change:
Open Interest
Signals Chart Links

GBP/USD Support & Resistance

W - Weak | M - Moderate | S - Strong
Symbol Trend Volatility Analysis / Chart
S1: 1.5558W
S2: 1.5471M
S3: 1.5417S
R3: 1.5788S
R2: 1.5700M
R1: 1.5629M
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Chart Chart
Wed, 29 Jul 2015 04:56:00 GMT

GBP/USD Pivot Points

British Pound US Dollar News

GBP/USD Technical Analysis: Range Resistance Back in Play
GBP/USD 1.5700 Still of Interest for Resistance
Pound May Rise as 2Q UK GDP Data Boosts BOE Rate Hike Bets
The British Pond may rise as a pickup in second-quarter UK GDP growth boosts Bank of England interest rate hike speculation.
GBP/USD Technical Analysis: Pound Attempts Recovery
GBP/USD Risks Near-Term Breakout on Strong 2Q U.K. GDP Report
A pickup in 2Q U.K. GDP may spur a near-term breakout in GBP/USD as signs of a stronger recovery put increased pressure on the BoE to normalize monetary policy.

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Jul 27
USD Durable Goods Orders (JUN) 3.4% 3.2% -2.1%
Jul 28
GBP Gross Domestic Product (QoQ) (2Q A) 0.7% 0.7% 0.4%
GBP Gross Domestic Product (YoY) (2Q A) 2.6% 2.6% 2.9%
USD Consumer Confidence (JUL) 90.9 100 99.8
Jul 29
USD Federal Open Market Committee Rate Decision (JUL 29) 0.25% 0.25%
Jul 30
USD Gross Domestic Product (Annualized) (2Q A) 2.5% -0.2%
USD Personal Consumption (2Q A) 2.7% 2.1%
USD Gross Domestic Product Price Index (2Q A) 1.5% 0.0%