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.

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
Bearish
Oil - US Crude
Mixed
Wall Street
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
Gold
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
Bullish
USD/JPY
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 94.57%, while traders in France 40 are at opposite extremes with 71.27%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/DpuFUPtd1u
  • Heads Up:🇮🇹 Retail Sales MoM (OCT) due at 09:00 GMT (15min) Previous: -0.8% https://www.dailyfx.com/economic-calendar#2020-12-04
  • Heads Up:🇨🇿 Unemployment Rate (NOV) due at 09:00 GMT (15min) Actual: 3.8% Expected: 3.8% Previous: 3.7% https://www.dailyfx.com/economic-calendar#2020-12-04
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.79% Silver: 0.72% Gold: 0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/YeN5uOchic
  • Brush up your knowledge on #tradewars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here: https://t.co/ZWaL6laTU5 https://t.co/i2X7EA6i10
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: 0.12% 🇬🇧GBP: 0.09% 🇨🇦CAD: 0.05% 🇯🇵JPY: -0.10% 🇦🇺AUD: -0.12% 🇳🇿NZD: -0.21% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/iCnrKCNJSS
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.45% US 500: 0.14% Wall Street: 0.08% France 40: -0.06% Germany 30: -0.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/RYDTcaLllr
  • EU Stoxx 50 Index at Risk on Vaccine Hiccup, #ECB Tempering Expectations - https://www.dailyfx.com/forex/fundamental/daily_briefing/session_briefing/euro_open/2020/12/04/EU-Stoxx-50-Index-at-Risk-on-Vaccine-Hiccup-ECB-Tempering-Expectations.html?CHID=9&QPID=917708&utm_source=Twitter&utm_medium=Moss&utm_campaign=twr #EUStoxx50 $FESX $EUSTX https://t.co/s6k95MXei5
  • Heads Up:🇨🇿 Unemployment Rate (NOV) due at 08:00 GMT (15min) Expected: 3.8% Previous: 3.7% https://www.dailyfx.com/economic-calendar#2020-12-04
  • Recessions can devastate the economy and disrupt the fortunes of individuals, businesses, and investors. But economic decline in the business cycle is inevitable, and your trading can be defined by how you respond to crisis. learn how to prepare here: https://t.co/e4CnobJCss https://t.co/II37qTqX0K
British Pound Short Opportunity above 15500

British Pound Short Opportunity above 15500

2012-01-18 22:54:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_gbp-usd_body_gbpusd.png, British Pound Short Opportunity above 15500

Prepared by Jamie Saettele, CMT

Expectations are for the GBPUSD to extend into the 15480-15530 zone and find a top. The low end of this range is defined by the 20 day average and 100% extension of the 15233-15404 rally. The high end of the range is defined by the 1/10 and 1/6 highs. I favor shorts into this zone with a stop above the early month high of 15670. From an Elliott perspective, the rally composes wave iv within an ending diagonal.

Bottom Line – short strength into 15500/30, stop 15670

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

DISCLOSURES