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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: 1.4825M
S2: 1.4706S
S3: 1.4597M
R3: 1.5201M
R2: 1.5093M
R1: 1.4984S
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Chart Chart
Fri, 27 Mar 2015 07:12:00 GMT

GBP/USD Pivot Points

British Pound US Dollar News

GBPUSD Sentiment Continues to Shed Some Pounds
Using forex technical analysis we can identify which currencies are trending and follow those trends using the DailyFX Plus Breakout2 strategy.
GBP/USD Technical Analysis: Treading Water Below 1.50
GBP/USD 1.47 Support in Focus Ahead of BoE Rhetoric as Momentum Wanes
The fresh rhetoric coming out of the Bank of England (BoE) may drag on GBP/USD should the bank show a greater willingness to further delay the normalization cycle.
British Pound Outlook Remains Bearish
Retail FX trading crowds remain long the British Pound versus the US Dollar, and a contrarian view of crowd sentiment points to further GBPUSD losses.
Strong U.K. Sales to Threaten Weekly GBP/USD Range- 1.4980 in Focus
A pickup in Retail Sales may threaten the weekly highs in GBP/USD as it boosts bets for higher borrowing-costs in the U.K. economy.

Forex Economic Calendar

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Date Time Currency Event Importance Actual Forecast Previous Notes
Mar 24
GBP Consumer Price Index (YoY) (FEB) 0.0% 0.1% 0.3%
GBP Core Consumer Price Index (YoY) (FEB) 1.2% 1.3% 1.4%
USD Consumer Price Index Ex Food & Energy (MoM) (FEB) 0.2% 0.1% 0.2%
USD Consumer Price Index (YoY) (FEB) 0.0% -0.1% -0.1%
USD Consumer Price Index Ex Food & Energy (YoY) (FEB) 1.7% 1.7% 1.6%
Mar 25
USD Durable Goods Orders (FEB) -1.4% 0.2% 2.0%