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.

Free Trading Guides
EUR/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
Oil - US Crude
Mixed
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
Gold
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
GBP/USD
Bullish
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
More View more
Real Time News
  • The $DXY Dollar Index is often a mirror of EURUSD - as the benchmark cross accounts for a vast majority of the trade-weighted index. The DXY is also down 6 straight trading days, but it hasn't seen a 7th since October 2007 https://t.co/ipeUVxqHOj
  • Commodities Update: As of 14:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.60% Gold: 0.25% Silver: -0.25% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/nBg1O9AB2c
  • GBP/USD has broken convincingly to the upside from a symmetrical triangle chart pattern, implying that further gains can be expected. Get your $GBPUSD technical analysis from @MartinSEssex here: https://t.co/tsEeGa8kAd https://t.co/yOhxlK2crH
  • Have to say, the $GBPUSD's observation of the 200-day moving average is convenient for tech observers. Also helps that it is almost horizontal https://t.co/8DGvfn5nkx
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.01%, while traders in US 500 are at opposite extremes with 74.83%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/Jxm2ZcDEKN
  • Commodities Update: As of 13:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.26% Gold: 0.13% Silver: -0.28% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/sYKVeztp5p
  • ECB PEPP Purchases - EUR 46.7bln in German Bonds - EUR 37.3bln in Italian Bonds https://t.co/rx9LlwyOB4
  • Indices Update: As of 13:00, these are your best and worst performers based on the London trading schedule: France 40: 1.73% Germany 30: 1.11% FTSE 100: 0.79% Wall Street: 0.54% US 500: 0.34% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/3s7VR7kto3
  • The $EURUSD is up for six consecutive trading days. There have been a handful of advances of this duration, but there hasn't been a 7-day since Dec 2013 https://t.co/hP0rugHa6X
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.01%, while traders in US 500 are at opposite extremes with 74.95%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/GcEJ8EmT9O
FOREX Analysis: GBP/USD Resistance is Just above Current Level

FOREX Analysis: GBP/USD Resistance is Just above Current Level

2012-12-17 23:08:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily Bars

eliottWaves_gbp-usd_body_gbpusd.png, FOREX Analysis: GBP/USD Resistance is Just above Current Level

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: The GBPUSD is closing in on the oft mentioned 16227. Resistance from the near term upward sloping channel intersected 16227 today and is at about 16240 on Tuesday (a tag of the line would fit well with a final high in the EURUSD before it comes back to at least 13040/65).

FOREX Trading Strategy: Nothing.

LEVELS: 16001 16084 16171 16227 16272 16309

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

DISCLOSURES

News & Analysis at your fingertips.