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. See our updated Privacy Policy here.

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
Mixed
Oil - US Crude
Bullish
Wall Street
Bullish
Gold
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Gold are long at 86.05%, while traders in France 40 are at opposite extremes with 69.83%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/e2qZBDMNqV
  • Heads Up:🇹🇼 Unemployment Rate (MAY) due at 08:00 GMT (15min) Previous: 3.71% https://www.dailyfx.com/economic-calendar#2021-06-22
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here: https://t.co/IsnpfJhp91 https://t.co/atvVwOkBBh
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Gold: -0.17% Silver: -0.29% Oil - US Crude: -0.32% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/wIX18CsXWC
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: -0.06% 🇳🇿NZD: -0.13% 🇪🇺EUR: -0.19% 🇨🇦CAD: -0.21% 🇬🇧GBP: -0.32% 🇦🇺AUD: -0.37% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/1RgbvSFsvQ
  • 🇨🇭 Current Account (Q1) Actual: CHF 16B Previous: CHF -3B https://www.dailyfx.com/economic-calendar#2021-06-22
  • Indices Update: As of 07:00, these are your best and worst performers based on the London trading schedule: FTSE 100: 0.22% Wall Street: 0.21% France 40: 0.15% US 500: 0.12% Germany 30: 0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/bN9kT6l20O
  • Heads Up:🇨🇭 Current Account (Q1) due at 07:00 GMT (15min) Previous: CHF -3B https://www.dailyfx.com/economic-calendar#2021-06-22
  • 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/nQ8XPAkiGr
  • 🇬🇧 Public Sector Net Borrowing (MAY) Actual: £-24.3B Expected: £-26.1B Previous: £-31.7B https://www.dailyfx.com/economic-calendar#2021-06-22
FOREX Technical Analysis: GBPUSD Unchanged Before Bank of England

FOREX Technical Analysis: GBPUSD Unchanged Before Bank of England

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

FOREX_Technical_Analysis_GBPUSD_Unchanged_Before_Bank_of_England_body_gbpusd.png, FOREX Technical Analysis: GBPUSD Unchanged Before Bank of England

Chart Prepared by Jamie Saettele, CMT

FOREX Observations: “The clearest pattern in recent history is the 3 wave advance from 15913 to 16174 (first day of the month high). 3 wave moves indicate countertrend moves and in this case suggest that the trend is down. Still holding 15951, additional resistance comes in at 16040.” 16091 is resistance to consider as well.

FOREX Trading Strategy Implications: “I remain bearish. Risk is moved down to 16174 and a level of interest on the downside is the well-defined 15770 (former resistance, 50% retracement and 100% extension of decline from the top).”

LEVELS: 15825 15912 15951 16040 16091 16120

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

DISCLOSURES