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S&P 500 and Dollar Have Different Views for Last Week of September
2021-09-25 02:00:00
EUR/USD Outlook – Recovery Looks Weak and Increasingly Vulnerable
2021-09-24 11:00:00
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Crude Oil Technical Outlook: Short-term Bias Still Bullish, Big Level Ahead
2021-09-23 12:30:00
Technical Outlook: USD Majors, Gold, Oil & Crypto- FOMC Trade Levels
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Wall Street IG Client Sentiment: Our data shows traders are now net-short Wall Street for the first time since Sep 14, 2021 12:00 GMT when Wall Street traded near 34,602.40.
2021-09-23 15:25:00
Dow Jones Price Resilient After FOMC Rate Decision, Updated Rate Projections
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Gold Weekly Technical Forecast: Bearish Price Action Points to More Weakness
2021-09-24 16:00:00
Gold Price Forecast: Pointing Lower After September Fed Meeting - Levels for XAU/USD
2021-09-23 19:30:00
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2021-09-24 08:00:00
Dollar Trades Breakout for Head-and-Shoulders, S&P 500 Closes its Gap
2021-09-24 02:00:00
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Japanese Yen Technical Forecast: USD/JPY, EUR/JPY, GBP/JPY
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GBP/USD 7 Month High as Price Tests November 2012 Low

GBP/USD 7 Month High as Price Tests November 2012 Low

Jamie Saettele, CMT, Sr. Technical Strategist

Weekly

eliottWaves_gbp-usd_1_body_gbpusd.png, GBP/USD 7 Month High as Price Tests November 2012 Low

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader

-GBPUSD has traded to a 7 month high. Price has traded through the line (intraweek so far) that extends off of the 2007 and 2013 (January) highs and into the November 2012 low of 1.5826.

-The next level of interest on the upside is the February high at 1.5878.

-10 day RSI has crosses through 75. Instances in recent years have warned of turns.

Trading Strategy: Waiting for either a setup at higher levels or a drop below 1.5680 to turn bearish.

LEVELS: 1.5615 1.5685 1.5755 | 1.5826 1.5878 1.5900

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

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