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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
More View more
GBP/USD Bigger Resistance Still Near 1.50

GBP/USD Bigger Resistance Still Near 1.50

Jamie Saettele, CMT, Sr. Technical Strategist


GBP/USD Bigger Resistance Still Near 1.50

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The near term GBP/USD rally has failed but the rate is trading off of a long term support (see here). A push through the recent high of 1.4515 is needed in order to open up a run towards longer term downtrend resistance (and the 200 day average) close to 1.50. Until then, GBP/USD is in ‘trading purgatory.

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.