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
Bearish
USD/JPY
Bullish
Gold
Bearish
Oil - US Crude
Bearish
Bitcoin
Mixed
More View more
Real Time News
  • US Treasury Yields Update: 2-Year: 1.586% 3-Year: 1.598% 5-Year: 1.624% 7-Year: 1.732% 10-Year: 1.798% 30-Year: 2.245% $TNX
  • US Dollar Forecast: Major Topping Potential in Play? Key Levels for DXY Index https://www.dailyfx.com/forex/fundamental/us_dollar_index/usd_trading_today/2019/12/05/us-dollar-forecast-major-topping-potential-in-play-key-levels-for-dxy-index.html?CHID=9&QPID=917710 $DXY $EURUSD $UUP $FED
  • Here's the recording of this morning's @IG_US client sentiment webinar with $AUDUSD and $AUDJPY bearish setups as the focus https://t.co/6KlAtvFaay
  • A close below the low end of the zone could offer sellers the opportunity to take charge and press natural gas towards $2.210.Get your natural gas technical analysis from @malkudsi here: https://t.co/VTvy56Cyns https://t.co/84QPmg6RkY
  • Trump says talk with China are moving along and we will see about the December 15 tariffs $SPX $DXY
  • Secretary Mnuchin says USD price dictated by markets
  • Commodities Update: NYM WTI Crude 58.47 (+0.09%) ICE Brent Crude 63.32 (+0.51%) NYM NYH Gas 161.84 (+0.89%) [delayed]
  • #Oil Price Outlook: #Crude Rips into Resistance – $WTI Trade Levels - https://t.co/4rA64i45lr https://t.co/gCqWATJfsn
  • RT @arappeport: Mnuchin says of China talks, “we’re going to get the right deal and we’re not going to be confused by an arbitrary deadline…
  • I'm looking too far into this, but it is interesting that there seem to be roughly mirrored periods where the $SPX has run above the 200-day SMA since 2009. Odd. https://t.co/2rriv4MFwm
British Pound / US Dollar 03-10

British Pound / US Dollar 03-10

2010-03-10 16:46:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

 DT310gbpusd

After meeting resistance from former support / the 38.2% of the decline from 15825 / channel resistance, the GBPUSD has rolled over. I favor a drop below 14780 in a 5th wave. Risk can be moved to 15200. 15030 is resistance.

Jamie Saettele publishes Daily Technicals every weekday morning, COT analysis (published Friday evenings), technical analysis of currency crosses on Monday, Wednesday, and Friday (Euro and Yen crosses), and intraday trading strategy as market action dictates at the DailyFX Forum.  He is the author of Sentiment in the Forex Market.  Follow his intraday market commentary and trades at DailyFX Forex Stream.   Send requests to receive his reports via email to jsaettele@dailyfx.com.

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

DISCLOSURES

News & Analysis at your fingertips.