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
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
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
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
More View more
Real Time News
  • RBNZ Credit Conditions Survey - New Zealand banks report a decline in demand for credit during first half of 2020. - Banks indicate lending standards are likely to tighten.
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here: https://t.co/OjTZOQEytM https://t.co/0KdF1bvOXW
  • 🇨🇳 Balance of Trade (JUN) Actual: $46.42B Expected: $58.6B Previous: $62.93B https://www.dailyfx.com/economic-calendar#2020-07-14
  • Heads Up:🇨🇳 Balance of Trade (JUN) due at 03:00 GMT (15min) Actual: $46.42B Expected: $58.6B Previous: $62.93B https://www.dailyfx.com/economic-calendar#2020-07-14
  • Heads Up:🇨🇳 Balance of Trade (JUN) due at 03:00 GMT (15min) Expected: $58.6B Previous: $62.93B https://www.dailyfx.com/economic-calendar#2020-07-14
  • The ASX 200 and AUD/JPY are at risk of losses as cases of Covid-19 continue to climb in Victoria, Australia’s second-most populous state. Get your #ASX market update from @DanielGMoss here: https://t.co/O0LNvhy4eY https://t.co/YXoHRqy8WJ
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Gold: -0.25% Silver: -0.31% Oil - US Crude: -2.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/rQwKZkZmUv
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.09% 🇪🇺EUR: -0.02% 🇨🇭CHF: -0.04% 🇬🇧GBP: -0.06% 🇨🇦CAD: -0.08% 🇳🇿NZD: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/lgkxPjTNvz
  • China Econ (JUN): Exports (YoY) CNY 4.3% vs 3.5% expected and 1.4% in May Imports (YoY) CNY 6.2% versus -4.7% expected and -12.7% in May -BBG $AUDUSD
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.69%, while traders in US 500 are at opposite extremes with 73.73%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/cAtIUwaZEg
British Pound Former Resistance acts as Support

British Pound Former Resistance acts as Support

2012-02-06 23:33:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_gbp-usd_body_gbpusd.png, British Pound Former Resistance acts as Support

Prepared by Jamie Saettele, CMT

Like the EURUSD, the GBPUSD has spent the last 3 days trading within the first day of the month’s rang. The drop from the 2/1 high to the 2/6 low (145 pips) is the largest decline since the GBPUSD rally that began on 1/13. However, the structure of the decline is corrective and suggests that price will exceed 15882. The 200 day average at 15946 and 50% retracement of the decline from the 2011 high at 15989 are levels of interest on the upside. 15785 is short term support and a drop below 15706 would negate the constructive bias.

Bottom Line – flat

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

DISCLOSURES

News & Analysis at your fingertips.