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
Bullish
GBP/USD
Mixed
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
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
Mixed
Bitcoin
Bearish
More View more
Real Time News
  • $EURUSD Daily Pivot Points: S3: 1.1036 S2: 1.1056 S1: 1.1067 R1: 1.1087 R2: 1.1095 R3: 1.1115 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • US President Donald Trump expected to sign the Hong Kong Bill -BBG citing person familiar with the matter $USDJPY
  • #Yen up in morning Thursday trade after US President Donald Trump said he thinks China is not "steeping up to the level" he wants in #tradetalks. This is as the #HKBill passes in the House, heading his way for potential signing. Risk aversion for Asia may be ahead $USDJPY $AUDJPY https://t.co/4s7JBEJPIE
  • US House passes the Hong Kong Human Rights and Democracy Act $DXY $USDCNH
  • Since the metal’s peak on September 4, the total ETF holdings of #silver have fallen by 19.4 million troy ounces. Get your market update from @PeterHanksFX here:https://t.co/vaNAQE2wTm https://t.co/ycFfYCBYxN
  • RT @LiveSquawk: US House Approves Bill Requiring Regular Reviews Of Hong Kong's Special Financial Status, Sends To White House
  • Precious Metals Update: #Gold 1471.50 (-0.07%), #Aluminum 1731.00 (-0.40%), and #Copper 5875.00 (+0.77%). [delayed]
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇬🇧GBP: -0.02% 🇪🇺EUR: -0.05% 🇨🇭CHF: -0.06% 🇳🇿NZD: -0.21% 🇨🇦CAD: -0.27% 🇦🇺AUD: -0.37% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/AUNGS781ie
  • Canadian Minister of Foreign Affairs Freeland says hard work on USMCA ratification being done $CAD
  • While $XAG might enjoy a bump if risk aversion picks up over the next few days, I think the medium-term trend lower remains intact Read more - https://www.dailyfx.com/forex/market_alert/2019/11/20/Silver-Price-Forecast-XAGUSD-May-Fall-Further-Despite-Risk-Aversion.html?CHID=9&QPID=917701 https://t.co/TkkZgHVnDW
GBPUSD: Sellers Poised to Take the Lead

GBPUSD: Sellers Poised to Take the Lead

2011-03-29 04:48:00
Ilya Spivak, Sr. Currency Strategist
Share:

Strategy: Pending Short

GBPUSD has produced a bearish Three Black Crows candlestick pattern below rising trend line resistance connecting major highs since early February. The pair is now is now testing familiar horizontal support at 1.5976, with a daily close below this juncture acting as confirmation of a reversal and a signal to enter short.

GBPUSD_Sellers_Poised_to_Take_the_Lead_body_03292011_GBP.png, GBPUSD: Sellers Poised to Take the Lead

To discuss these strategies with other traders, please visit the Candlestick Forum

To receive future articles by email, please contact Ilya at ispivak@dailyfx.com

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

DISCLOSURES

News & Analysis at your fingertips.