We use a range of cookies to give you the best possible browsing experience. By continuing to use this website, you agree to our use of cookies.
You can learn more about our cookie policy here, or by following the link at the bottom of any page on our site.

Free Trading Guides
EUR/USD
Mixed
GBP/USD
Bullish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
USD/JPY
Bearish
Low
High
of clients are net long.
of clients are net short.
Long Short

Note: Low and High figures are for the trading day.

Data provided by
Gold
Mixed
Oil - US Crude
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • Indices Update: As of 21:00, these are your best and worst performers based on the London trading schedule: France 40: 0.11% Germany 30: 0.07% US 500: -0.00% Wall Street: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/qinDsU2Niv
  • Labour Leader Corybyn says it would not be possible for the UK to get a quick trade deal with the US accomplished $GBP
  • UK PM Johnson: - Choice for voting is between a Tory party majority or having a hung parliament - Tory Party is fully united on Brexit $GBPUSD
  • 🇺🇸 USD Consumer Credit (OCT), Actual: $18.908b Expected: $16.000b Previous: $9.579b https://www.dailyfx.com/economic-calendar#2019-12-06
  • The @UMich consumer sentiment report printed 99.2 this morning and helped propel a risk-on mood across markets while the $USD extended its intraday rally. Get your market update from @FxWestwater here:https://t.co/sVwGakRiY6 https://t.co/6z3JhITOsh
  • RT @LizAnnSonders: GDPNow for Q4 from @AtlantaFed now at 2%, at top end of #BlueChipConsensus https://t.co/1ds63mLqxH
  • 🇺🇸 USD Consumer Credit (OCT), Actual: 18.91B Expected: $16.000b Previous: $9.513b https://www.dailyfx.com/economic-calendar#2019-12-06
  • Heads Up:🇺🇸 USD Consumer Credit (OCT) due at 20:00 GMT (15min), Actual: N/A Expected: $16.000b Previous: $9.513b https://www.dailyfx.com/economic-calendar#2019-12-06
  • Spot FX Update: $EUR 1.1056 $JPY 108.5670 $GBP 1.3139 $CAD 1.3263 $CHF 0.9899
  • Commodities Update: As of 19:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.09% Gold: -1.09% Silver: -2.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/tXVk1UGkMi
Sterling Finds Support Which Could Increase Bullish Potential

Sterling Finds Support Which Could Increase Bullish Potential

2010-03-11 14:54:00
John Rivera, Currency Analyst
Share:

The GBP/USD continues to find support at 1.5000-the psychological level has been threatened and the longer it continues to hold the greater the bullish potential for the pair. Breaks below have failed at 1.4873-61.8% Fibo of 1.3514-1.7046 which could prove to be formidable support. A break below there would justify a short position with potential to 1.4500 where we see former congestion. The longer-term trend remains to the downside which increases the risks for a long position. For those with a higher level of risk tolerance, the recent failure at support opens the door for a small retracement to test 1.5198-5/8 high with the 20-Day SMA at 1.5297 as the next barrier.

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

DISCLOSURES

News & Analysis at your fingertips.