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
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
USD/JPY
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
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
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
Bitcoin
Bearish
More View more
Real Time News
  • Why should you set trading goals? How can it help regardless of what your #tradingstyle is? Find out: https://t.co/AYdD7ODlv1 https://t.co/IEwlO8cOoX
  • My trade video for today: 'Dow Slide Reflects Trade Headlines, #Dollar Watch for Monetary Policy Cues' https://www.dailyfx.com/forex/video/daily_news_report/2019/11/20/Dow-Slide-Reflects-Trade-Headlines-Dollar-Watch-for-Monetary-Policy-Cues.html?CHID=9&QPID=917719 https://t.co/vxAKKXX6Ga
  • ECB's Lane: Lower debt cost should be used to cut debt, Euro-Area banks can diversify sovereign bond holdings -BBG #ECB $EURUSD
  • ECB Board Member Nathan Lane: We do not see a recession in the Euro Area, ECB is not at limit of monetary policy -BBG $EURUSD #ECB
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.94%, while traders in US 500 are at opposite extremes with 80.01%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/wVYTwsiWft
  • Forex Update: As of 05:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.04% 🇨🇭CHF: 0.02% 🇪🇺EUR: -0.05% 🇬🇧GBP: -0.11% 🇳🇿NZD: -0.16% 🇦🇺AUD: -0.19% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/o1pjZMgdK7
  • Indices Update: As of 05:00, these are your best and worst performers based on the London trading schedule: France 40: -0.13% Wall Street: -0.17% US 500: -0.17% Germany 30: -0.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/MpY58dFfmF
  • Overnight index swaps are pricing in about a 25.5 percent chance that the #RBA could deliver a 25bp rate cut next month with odds of a February reduction instead at 61.4% -BBG $AUDUSD
  • The $USD may be preparing to stage a reversal against the Singapore Dollar as USD/SGD trades within a Falling Wedge. This is as the USD/IDR downtrend remains intact. Get your market update from @ddubrovskyFX here:https://t.co/7fzeWrnlc1 https://t.co/fVq1rcBKva
  • AUD/USD Technical Analysis: Aussie Selloff Expected to Resume - https://www.dailyfx.com/forex/technical/home/analysis/aud-usd/2019/11/20/AUDUSD-Technical-Analysis-Aussie-Selloff-Expected-to-Resume.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Spivak&utm_campaign=twr #AUDUSD #technicalanalysis https://t.co/YZ7rKsjqng
British Pound Focus Now on 16457 (2010 High)

British Pound Focus Now on 16457 (2010 High)

2011-03-22 14:41:00
Jsaettele,
Share:

Daily Bars

eliottWaves_gbp-usd_body_gbpusd.png, British Pound Focus Now on 16457 (2010 High)

Prepared by Jamie Saettele

The rally above 16342 negates any short term bearish considerations and shifts focus to the 2010 high at 16457. There is also a measured objective at 16621 (61.8% extension of the 14230-16299 rally). Continued strength opens up the possibility of a large flat that exceeds 17042 but COT positioning has me looking for a top before then and therefore favoring a triangle from the 2009 low. 16290 and 16250 are short term supports.

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

DISCLOSURES

News & Analysis at your fingertips.