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
Free Trading Guides
Subscribe
Please try again
EUR/USD
Bullish
Oil - US Crude
Mixed
Wall Street
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
Gold
Bearish
GBP/USD
Bearish
USD/JPY
Bullish
More View more
Real Time News
  • Indices Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Wall Street: -0.28% France 40: -0.42% US 500: -0.53% FTSE 100: -1.21% Germany 30: -1.22% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/X2cxLLQl17
  • Please join @CVecchioFX 's webinar at 6:30 AM EST/11:30 AM GMT which will focus on central banks and recent changes to #monetary policy. Register here: https://t.co/HyPgSrhjor https://t.co/1ymzWjliz2
  • The bull flag pattern is a great pattern to add to a forex trader's technical arsenal. Explosive moves are often associated with the bull flag. Learn more about the bull flag pattern here: https://t.co/yOEvLjKnct https://t.co/9olCi7ylB8
  • 💶 Industrial Sentiment (JAN) Actual: -5.9 Expected: -7.2 Previous: -6.8 https://www.dailyfx.com/economic-calendar#2021-01-28
  • 💶 Consumer Confidence Final (JAN) Actual: -15.5 Expected: -15.5 Previous: -13.8 https://www.dailyfx.com/economic-calendar#2021-01-28
  • 💶 Economic Sentiment (JAN) Actual: 91.5 Expected: 89.5 Previous: 92.4 https://www.dailyfx.com/economic-calendar#2021-01-28
  • 💶 Industrial Sentiment (JAN) Actual: -5.9 Expected: -7.2 Previous: -7.2 https://www.dailyfx.com/economic-calendar#2021-01-28
  • 💶 Consumer Confidence Final (JAN) Actual: -15.5 Expected: -15.5 Previous: -13.9 https://www.dailyfx.com/economic-calendar#2021-01-28
  • 💶 Economic Sentiment (JAN) Actual: 91.5 Expected: 89.5 Previous: 90.4 https://www.dailyfx.com/economic-calendar#2021-01-28
  • Heads Up:💶 Industrial Sentiment (JAN) due at 10:00 GMT (15min) Expected: -7.2 Previous: -7.2 https://www.dailyfx.com/economic-calendar#2021-01-28
FOREX Analysis: GBP/USD Spikes Through Channel Resistance

FOREX Analysis: GBP/USD Spikes Through Channel Resistance

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Bars

eliottWaves_gbp-usd_body_gbpusd.png, FOREX Analysis: GBP/USD Spikes Through Channel Resistance

Chart Prepared by Jamie Saettele, CMT

FOREXAnalysis: The GBPUSD took out 16227 with ease and spiked through the short term upward sloping trendline on Tuesday. The GBPUSD has responded at 16300 multiple times since 2010 (and twice in 2012). A break through the level would be impressive and shift focus to the long term triangle resistance, near 16450 this week. A near term response here would probably see support at 16174 (former resistance).

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