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
Bullish
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
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 100.00%, while traders in GBP/JPY are at opposite extremes with 66.07%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/dE1MfFPnS8
  • Heads Up:🇲🇽 Balance of Trade (DEC) due at 12:00 GMT (15min) Expected: $4.6B Previous: $3.032B https://www.dailyfx.com/economic-calendar#2021-01-28
  • Heads Up:🇧🇷 Unemployment Rate (NOV) due at 12:00 GMT (15min) Expected: 14% Previous: 14.3% https://www.dailyfx.com/economic-calendar#2021-01-28
  • Commodities Update: As of 11:00, these are your best and worst performers based on the London trading schedule: Silver: 0.16% Oil - US Crude: -0.14% Gold: -0.20% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/uhhx9WdVgX
  • Human error in the forex market is common and often leads to familiar trading mistakes. These trading mistakes crop up particularly with novice traders on a regular basis. Learn about the top ten trading mistakes and how you can avoid them here: https://t.co/i8E2AXtzF3 https://t.co/1kduUWmdBz
  • Forex Update: As of 11:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.02% 🇨🇭CHF: -0.12% 🇬🇧GBP: -0.13% 🇨🇦CAD: -0.37% 🇳🇿NZD: -0.40% 🇦🇺AUD: -0.64% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/kZeDRkkVU2
  • 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
GBP/USD Resistance Estimated above 15700

GBP/USD Resistance Estimated above 15700

Jamie Saettele, CMT, Sr. Technical Strategist

Daily Candles

eliottWaves_gbp-usd_body_gbpusd.png, GBP/USD Resistance Estimated above 15700

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

FOREXAnalysis: The GBPUSD broke the nearly 4 year trendline but only on an intraday basis. The action warns of a nasty short covering rally before bearish potential resurfaces. The February high at 15878 is the line in the sand for bears this month. The 50%-61.8% retracement of the latest swing at 15707-15739 is estimated resistance.

FOREX Trading Strategy: Looking to short into 15707/39, against 15880 for a larger breakdown.

LEVELS: 15400 15490 15571 15700 15739 15810

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

DISCLOSURES