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
EUR/USD
Bullish
Oil - US Crude
Bullish
Wall Street
Bullish
Gold
Mixed
GBP/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
USD/JPY
Bullish
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
  • Bank of Japan: FY2020 GDP forecast is -4.7%, Japan's economy in extremely severe situation -BBG $USDJPY
  • Heads Up:🇯🇵 BoJ Quarterly Outlook Report due at 03:00 GMT (15min) https://www.dailyfx.com/economic-calendar#2020-07-15
  • Heads Up:🇯🇵 BoJ Interest Rate Decision due at 03:00 GMT (15min) Expected: -0.1% Previous: -0.1% https://www.dailyfx.com/economic-calendar#2020-07-15
  • Japanese candlesticks are a popular charting technique used by many traders, and the shooting star candle is no exception. Learn about the shooting star candlestick and how to trade it here: https://t.co/OjTZOQEytM https://t.co/BWTj74xdGl
  • Commodities Update: As of 02:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.68% Silver: 0.28% Gold: -0.00% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/KLaO6iawft
  • Forex Update: As of 02:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.41% 🇳🇿NZD: 0.39% 🇬🇧GBP: 0.22% 🇪🇺EUR: 0.08% 🇯🇵JPY: -0.01% 🇨🇭CHF: -0.04% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/XJ4YXmLkHx
  • RT @DanielGMoss: #Silver Price Eyes Fresh 2020 Highs on $USD Weakness https://www.dailyfx.com/forex/market_alert/2020/07/15/Silver-Prices-May-Trek-Higher-on-Weakening-US-Dollar-and-Stimulus-Hopes.html
  • If you missed this week's session on IG Client Sentiment, check out the full recording on YouTube here - https://t.co/uVdyQTHnpn
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.82%, while traders in US 500 are at opposite extremes with 76.46%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/ZW0P70iNI9
  • China reaffirms vow to sanction US officials over Hong Kong -BBG
GBP/USD Turns Up from Bottom of Channel

GBP/USD Turns Up from Bottom of Channel

2015-01-27 19:47:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

GBP/USD Turns Up from Bottom of Channel

Chart Prepared by Jamie Saettele, CMT using Marketscope 2.0

Automate trades with Mirror Trader and see ideas on other USD crosses

-“A period of congestion may be in order as price has bounced from near the 50% retracement of the advance from the 2013 low but the drop under 1.6050 produces a pivot high on 9/19 and allows one to draw a downward sloping channel. The channel is now in focus as resistance…GBPUSD turned lower from mentioned channel resistance. Look lower as long as price is under 1.5825.”

-“GBPUSD is at a major level in 1.51. Failure to find support here would open up the 2013 low at 1.4812. The gap at 1.5324 could still be of the breakaway variety as the rally stalled prior to the level.”

--Tradingideas are availabletoJ.S. Trade Desk members.

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

DISCLOSURES

News & Analysis at your fingertips.