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
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
GBP/USD
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
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
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
Oil - US Crude
Mixed
Bitcoin
Bullish
More View more
Real Time News
  • bounce eviscerated https://t.co/zkMNPktUPL
  • GBP/JPY, EUR/JPY Nearing a Downside Break - EUR & GBP vs JPY Price Forecast More details in the link below: https://www.dailyfx.com/forex/technical/home/analysis/gbp-jpy/2020/01/28/GBPJPY-EURJPY-Nearing-a-Downside-Break---EUR-GBP-vs-JPY-Price-Forecast-MK.html?CHID=9&QPID=917714 https://t.co/jPJ2iG6IFx
  • Indices Update: As of 15:00, these are your best and worst performers based on the London trading schedule: France 40: 1.14% US 500: 1.05% Wall Street: 0.78% Germany 30: 0.76% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/0wIoAKDiZC
  • UK's Raab says the United States did not give a reasonable alternative for Huawei's 5G network $DXY $GBP
  • Commodities Update: As of 15:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.37% Gold: -0.60% Silver: -2.40% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/f8zNyj8rrB
  • RT @LiveSquawk: US CB Consumer Confidence Jan: 131.6 (est 128.0; prev R 128.2) - Expectations Jan: 102.5 (prev 97.4) - Present Situation Ja…
  • RT @bespokeinvest: Biggest beat relative to expectations (20 vs -3) for Richmond Fed since March 2009.
  • 🇺🇸 USD Conf. Board Present Situation (JAN), Actual: 175.3 Expected: N/A Previous: 170 https://www.dailyfx.com/economic-calendar#2020-01-28
  • 🇺🇸 USD Consumer Confidence Index (JAN), Actual: 131.6 Expected: 128.0 Previous: 128.2 https://www.dailyfx.com/economic-calendar#2020-01-28
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.48%, while traders in US 500 are at opposite extremes with 68.15%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/aKgg8iDWZF
GBP/USD Follows Through from Bearish Candles

GBP/USD Follows Through from Bearish Candles

2015-10-27 20:21:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

GBP/USD Follows Through from Bearish Candles

Chart Prepared by Jamie Saettele, CMT

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

-The 10/22 outside day in GBP/USD may set the stage for resumption of the downtrend that began with the head and shoulders break in August.

-A break under 1.5200 (parallel support) would suggest that the next leg lower (towards the April low) is underway.

For more analysis and trade setups (exact entry and exit), visit SB Trade Desk

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

DISCLOSURES

News & Analysis at your fingertips.