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
Search results
No entries matching your query were found.
English Español Français Deutsch 中文（繁體） 中文（简体）
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
News
Euro Forecast: EUR/USD Outlook Turns More Bearish After Failure at 1.20
2020-09-19 23:00:00
EURUSD Pressure Building while Anxious Traders Weigh: Did S&P 500 Break
2020-09-19 03:44:00
Oil - US Crude
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
News
Oil Price Outlook: Crude Recovery Vulnerable below Trend Resistance
2020-09-19 04:00:00
Crude Oil Price Climbs to Test 50-DMA in Wake of OPEC+ Update
2020-09-17 19:45:00
Wall Street
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
News
Dow Jones Tries to Turn Green on Upbeat Consumer Sentiment Data
2020-09-18 14:25:00
Dow Jones Futures Fluctuate, DAX 30 and ASX 200 In Tight Range
2020-09-18 02:00:00
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
News
XAU/USD Forecast: Gold Price Aims Higher as Pressure Builds
2020-09-19 16:00:00
EUR/JPY, AUD/JPY, USD/CAD, Gold – Charts for Next Week
2020-09-18 12:00:00
GBP/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
News
British Pound (GBP) Weekly Outlook - GBP/USD and EUR/GBP Forecasts
2020-09-18 16:00:00
British Pound (GBP) Latest: Brexit Trade Talk, New Lockdowns and UK Retail Sales Data
2020-09-18 08:00:00
USD/JPY
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
News
Japanese Yen Exhibits Bullish Behavior as BoJ Braces for Negative CPI
2020-09-19 13:00:00
Japanese Yen Outlook: Beware of Currency Intervention Levels
2020-09-18 09:30:00
More View more
Real Time News
  • The #Dollar has bottoming potential, but that is starting to lose weight as it fails to sustain any lift; next week could be a big one for #USD’s near-term outlook. Get your #currencies update from @PaulRobinsonFX here: https://t.co/IifHjik7gM https://t.co/R9b4jdTPnO
  • Emotions are often a key driving force behind #FOMO. If left unchecked, they can lead traders to neglect trading plans and exceed comfortable levels of risk. Read on and get your emotions in check here:https://t.co/eILWbFgHRE https://t.co/lW1rqjpy0x
  • I’d like to thank my followers, I just reached 5,000 which is quite a milestone for someone that isn’t a huge fan of the platform. Thank you all very much ❤️
  • Technology stocks continue to be a source of weakness for US equities, undermining risk appetite. Meanwhile, US-China tensions simmer beneath the surface creating uncertainty. Get your #equities update from @PeterHanksFX here: https://t.co/yH8oTwT3iW https://t.co/tvfrXThyaC
  • There are many different types of forex orders, which traders use to manage their trades. While these may vary between different brokers, there tends to be several basic FX order types all brokers accept. Learn about different FX order types here: https://t.co/lIJdiz4xSz https://t.co/Xi9QU3ADPF
  • Did you know a Doji candlestick signals market indecision and the potential for a change in direction. What are the top five types of Doji candlesticks? Find out: https://t.co/td5WA4hCZC https://t.co/cQwbeZ6Feq
  • #Oil prices saw a reprieve to the recent selling pressure but remain at risk while below downtrend resistance. Here are the levels that matter on the #WTI technical chart. Get your #commodities update from @MBForex here: https://t.co/CcXsF3JCMH https://t.co/RUmS1cX52v
  • Forex liquidity makes it easy for traders to sell and buy currencies without delay, and also creates tight spreads for favorable quotes. Low costs and large scope to various markets make it the most frequently traded market in the world. Learn more here: https://t.co/5uSWKoLkd6 https://t.co/boEI8RuQdC
  • The growth-linked New Zealand Dollar may rise on the upcoming #RBNZ rate decision following rosy economic data. However, downside potential in the S&P 500 could offset $NZDUSD gains. Get your #currencies update from @ddubrovskyFX here: https://t.co/LfCe6C6G3P https://t.co/kUeBxxeaEf
  • It was a quiet week in Aussie as $AUDUSD put in its second consecutive week of indecision. But taking a more granular look highlights the potential for a reversal scenario. Get your #currencies update from @JStanleyFX here: https://t.co/PPK20nubAf https://t.co/0nfmRRFNnz
GBPUSD Tags and Stalls at Channel Resistance

GBPUSD Tags and Stalls at Channel Resistance

2012-09-10 23:10:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_gbp-usd_body_gbpusd.png, GBPUSD Tags and Stalls at Channel Resistance

Prepared by Jamie Saettele, CMT

“The GBPUSD rally above 15700 shifts focus to the Fibonacci confluence at 15900 (61.8% retracement and 100% extension of the 15267-15777 rally) and the channel line closer to 16000 in the coming weeks. The near term trend defining level is the low of the day prior to the most recent inside day. That day is 8/16 and that low is 15635.” The GBPUSD remained above 15635 on its way to the channel line and 16034 on Friday. I prefer turning bearish either on a pop into former pivots (16048 and 16113) or a drop below 15874.

LEVELS: 15920 15959 15990 16051 16081 16114

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

DISCLOSURES

Related Articles

GBP/USD Elliott Wave Analysis: Bullish Wave 3 Could Carry to 1.35
GBP/USD Elliott Wave Analysis: Bullish Wave 3 Could Carry to 1.35
2019-05-24 19:04:00
GBPUSD Elliott Wave Analysis: Seeking Larger Impulse Waves
GBPUSD Elliott Wave Analysis: Seeking Larger Impulse Waves
2018-11-12 17:55:00
GBP/USD Approaching Important Technical Level Near 1.34
GBP/USD Approaching Important Technical Level Near 1.34
2017-11-28 01:12:00
GBP/USD Hanging Over the Edge of a Cliff
GBP/USD Hanging Over the Edge of a Cliff
2017-11-14 04:26:00
Advertisement

Rates

GBP/USD
Bullish