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EUR/USD
Bearish
Low
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of clients are net long.
of clients are net short.
Long Short

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EURUSD Still Owed a Breakout Post-ECB, S&P 500’s Hopes with PMIs a Long-Shot
2021-07-23 02:00:00
US Dollar Outlook: USD/JPY Mired by Yields, Flash PMIs Due
2021-07-22 22:30:00
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Oil Q3 Technical Forecast
2021-07-22 09:00:00
Crude Oil Rebound May Not Last Amid Viral Concerns and Rising Stockpiles
2021-07-22 06:00:00
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2021-07-22 16:00:00
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2021-07-22 05:00:00
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Gold (XAU/USD) and Silver (XAG/USD) at Critical Levels ahead of FOMC
2021-07-23 11:25:00
Gold Price Forecast: Is This The Calm Before The Storm?
2021-07-22 20:30:00
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British Pound (GBP) Weekly Forecast: Attempts to Recover as Sentiment Shifts
2021-07-23 16:00:00
GBP/USD Bounce Fizzles Out Despite Higher Retail Sales in June
2021-07-23 08:00:00
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USD/JPY Rate Tracks Rebound in US Yields Ahead of Fed Rate Decision
2021-07-23 15:00:00
US Dollar Outlook: USD/JPY Mired by Yields, Flash PMIs Due
2021-07-22 22:30:00
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GBPUSD Settles at Channel Support

GBPUSD Settles at Channel Support

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gbp-usd_body_gbpusd.png, GBPUSD Settles at Channel Support

Prepared by Jamie Saettele, CMT

“The GBPUSD carved out a key reversal (the first bearish one since 2/8/12) which is enough for me to look lower from the current level towards 15600. Channel support comes in at 15560 (in line with the 20 day average).” The GBPUSD made it to 15977 Thursday and is sitting right on channel support. Like the EURUSD, the 3 wave structure of the advance does suggest that a top is in place but 5 waves down from the top would confirm.

LEVELS: 15403 15475 15564 15615 15650 15700

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

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GBP/USD
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