News & Analysis at your fingertips.

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. See our updated Privacy Policy here.

0

Notifications

Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
EUR/USD
Mixed
Oil - US Crude
Bearish
Wall Street
Bullish
Gold
Bearish
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
Bullish
More View more
Real Time News
  • Forex Update: As of 14:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.10% 🇳🇿NZD: 0.05% 🇪🇺EUR: -0.03% 🇨🇭CHF: -0.08% 🇨🇦CAD: -0.17% 🇬🇧GBP: -0.49% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/VPsYjn0wBo
  • The rally in the price of oil seems to be sputtering as the Relative Strength Index (RSI) falls back from overbought territory. Get your market update from @DavidJSong here:https://t.co/Jsj6i3olFX https://t.co/TxElAkFbrb
  • Indices Update: As of 14:00, these are your best and worst performers based on the London trading schedule: France 40: 1.33% Wall Street: 0.83% Germany 30: 0.68% US 500: 0.67% FTSE 100: 0.48% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/KCyB86yVTj
  • Heads Up:🇺🇸 Fed Williams Speech due at 15:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2021-06-24
  • HSBC expect the BoE to raise interest rates by 15bps to 0.25% in May 2022 and 25bps to 0.5% in November 2022 $GBP
  • As the Dollar ($DXY) continues to consolidate after last week's rally, the market's rate forecast via Fed Funds futures (through end 2022) is pricing in most hawkish view since Mar 18, 2020 at 23 bps worth of tightening between now and then https://t.co/ZgknI0hf39
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Silver: 0.85% Gold: 0.27% Oil - US Crude: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/5UDOKqOZlT
  • Amazon has been in a fairly consistent range since last August $AMZN over the past week buyers have been driving deeper within resistance zone, ath just above at 3552 https://t.co/Y2BJFHHpsc
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 89.53%, while traders in GBP/JPY are at opposite extremes with 68.66%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/9wQEDOOqv8
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Silver: 0.68% Gold: 0.18% Oil - US Crude: -0.42% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/lMDtC6g5Ns
GBP/USD Sent Reeling By A Shooting Star Formation Near 1.6660

GBP/USD Sent Reeling By A Shooting Star Formation Near 1.6660

David de Ferranti, Currency Analyst

Talking Points

  • GBP/USD Technical Strategy: Sidelines Preferred
  • Shooting Star Sets The Stage For Further Declines

GBP/USD has plunged below the 1.6500 handle following a bearish signal offered by a Shooting Star formation on the daily. The key reversal pattern alongside a spike in volume suggests the potential for further weakness. A daily close below the nearby 1.6450 mark could open the 2014 lows near 1.6255.

GBP/USD: Shooting Star Delivers Declines

GBP/USD Sent Reeling By A Shooting Star Formation Near 1.6660

Daily Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

An Evening Star offered an early indication of a possible correction for GBP/USD. While the pair has managed to regain its footing at 1.6445, a recovery looks questionable given the absence of bullish signals.

GBP/USD: Intraday Bearish Signal Offered Early Warning

GBP/USD Sent Reeling By A Shooting Star Formation Near 1.6660

4 Hour Chart - Created Using FXCM Marketscope 2.0, Volume Indicator Available Here

By David de Ferranti, Currency Analyst, DailyFX

Follow David on Twitter: @Davidde

To receive David’s analysis directly via email, please sign up here.

Learn how to read candlesticks to help identify trading opportunities with the DailyFX Candlesticks Video Course.

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

DISCLOSURES