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
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
Bearish
USD/JPY
Mixed
Gold
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
Oil - US Crude
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
Bitcoin
Bearish
More View more
Real Time News
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇨🇭CHF: 0.01% 🇪🇺EUR: -0.15% 🇨🇦CAD: -0.28% 🇯🇵JPY: -0.57% 🇦🇺AUD: -0.83% 🇳🇿NZD: -0.88% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/aefGNZQYqS
  • Heads Up:🇺🇸 USD Continuing Claims (FEB 8) due at 13:30 GMT (15min), Actual: N/A Expected: 1717k Previous: 1698k https://www.dailyfx.com/economic-calendar#2020-02-20
  • Heads Up:🇺🇸 USD Initial Jobless Claims (FEB 15) due at 13:30 GMT (15min), Actual: N/A Expected: 210k Previous: 205k https://www.dailyfx.com/economic-calendar#2020-02-20
  • Heads Up:🇺🇸 USD Philadelphia Fed Business Outlook (FEB) due at 13:30 GMT (15min), Actual: N/A Expected: 11 Previous: 17 https://www.dailyfx.com/economic-calendar#2020-02-20
  • ECB Minutes - ECB needs to see more data to see if tentative signs of stabilisation provide firmer ground for optimism
  • What are the six different types of stocks every trader should know? Find out from @WVenketas here: https://t.co/yO3JalkqUU https://t.co/npl9Clt4HX
  • Heads Up:🇪🇺 EUR Publication of account of ECB's Monetary Policy Meeting (JAN) due at 12:30 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-02-20
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.22%, while traders in France 40 are at opposite extremes with 81.38%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/1y2GkWMVR1
  • Hey, traders 👋 do you want live AMAS with our analysts, market updates and tools to improve your trading strategy? Join us now on Instagram! 👉 https://t.co/pHGzVMqsC4 https://t.co/Qpujtb2z8I
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.25% Gold: 0.01% Silver: -0.71% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/pwFdAnZnr8
Forex Strategy: GBP/USD Short Trade Setup Sought

Forex Strategy: GBP/USD Short Trade Setup Sought

2013-10-25 13:03:00
Ilya Spivak, Sr. Currency Strategist
Share:

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • GBP/USD Technical Strategy: Pending Short
  • A Dark Cloud Cover candlestick pattern below resistance at 1.6259 hints at topping
  • Our last attempt to enter short was stopped out; we will look for new opportunities to re-enter

Confirm your chart-based trade setups with the Technical Analyzer.

Forex_Strategy_GBPUSD_Short_Trade_Setup_Sought_body_Picture_5.png, Forex Strategy: GBP/USD Short Trade Setup Sought

Weekly Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for DailyFX.com

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? Watch this Video

For live market updates, visit the Real Time News Feed

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

DISCLOSURES

News & Analysis at your fingertips.