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
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
Oil - US Crude
Bullish
Wall Street
Mixed
Gold
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
GBP/USD
Mixed
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
More View more
British Pound Breakdown Seen Through GBP/AUD and GBP/USD

British Pound Breakdown Seen Through GBP/AUD and GBP/USD

2014-03-21 11:55:00
Christopher Vecchio, CFA, Senior Strategist
Share:

Talking Points:

- GBPAUD may be topping below 1.8100 (Head and Shoulders).

- GBPUSD breakdown could accelerate, AUDUSD could rally.

- Quiet Friday calendar sees Fed speeches as top events.

To keep up with developments central banks and their policy changes, be sure to sign up for my distribution list.

The British Pound is continuing to lose ground and near-term topping opportunities may be seen aganist the Australian and US Dollars. The GBPAUD topping pattern isn't just indicative of Australian Dollar strength (even as AUDUSD consolidates in an ascending triangle) - it also sees GBPUSD dropping below the July 2013 to February 2014 rising trendline.

Read more: Fed Hints at 2014 Rate Hike Giving USD Much Needed Lift

--- Written by Christopher Vecchio, Currency Analyst

To contact Christopher Vecchio, e-mail cvecchio@dailyfx.com

Follow him on Twitter at @CVecchioFX

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

DISCLOSURES

News & Analysis at your fingertips.