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Euro Price Forecast: EUR/USD at Risk of Reversal with US PCE Data on Tap
2021-02-26 07:30:00
US Dollar Outlook: FX Volatility Ramps as Bond Selloff Intensifies
2021-02-25 23:22:00
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Oil Price Approaches 2020 High Even as RSI Divergence Takes Shape
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2021-02-25 04:30:00
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Gold Price Forecast: Gold Breakdown Accelerates – XAU/USD Bulls Done?
2021-02-26 20:00:00
Nasdaq 100, Gold, Financial Fund Flows During Yields-Driven Volatility
2021-02-26 17:30:00
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GBP/USD Weekly Forecast: GBP/USD, EUR/GBP Reversal, Now What?
2021-02-26 16:00:00
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2021-02-26 09:00:00
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US Dollar Outlook: FX Volatility Ramps as Bond Selloff Intensifies
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  • The Australian Dollar looks poised to outperform the haven-associated US Dollar and Japanese Yen. However, it may lose ground to the New Zealand Dollar. Key levels for AUD/USD, AUD/JPY and AUD/NZD. Get your market update from @DanielGMoss here:https://t.co/cuxRxl5WaF https://t.co/pujrmqSxV7
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  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.30% 🇨🇭CHF: -0.41% 🇬🇧GBP: -0.62% 🇨🇦CAD: -1.12% 🇳🇿NZD: -1.87% 🇦🇺AUD: -2.11% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/ZdHY0q1ocW
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GBPUSD Trades Sideways-20 Day Average Just Below

GBPUSD Trades Sideways-20 Day Average Just Below

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gbp-usd_body_gbpusd.png, GBPUSD Trades Sideways-20 Day Average Just Below

Prepared by Jamie Saettele, CMT

“The trend is up and dips should be bought. Risk on longs can be moved up to 16100 (Monday’s low). Failure to hold the low would shift focus to former resistance at 16062. The trendline that crosses off of the April 2011 and August 2011 highs is just above 16300.

Ideas: long, stop 16100, target 16310

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

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