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
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
GBP/USD
Bullish
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
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
Oil - US Crude
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
Bitcoin
Bearish
More View more
Real Time News
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.25%, while traders in USD/CAD are at opposite extremes with 81.32%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/yE2TSjmEu8
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.19% Silver: 0.06% Gold: -0.29% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/rZbxD8wdhu
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.19% 🇪🇺EUR: 0.08% 🇨🇦CAD: 0.05% 🇬🇧GBP: -0.04% 🇳🇿NZD: -0.07% 🇯🇵JPY: -0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/FHGlncfROd
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: US 500: 0.28% Wall Street: 0.26% Germany 30: 0.23% France 40: 0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/eJBA8flSgG
  • Sibanye triangle breakout, correct in suggesting trend continuation #Jse $JSESGL https://t.co/1FxFAUmwIB
  • European Opening Calls From IG: #FTSE 7433 +0.32% #DAX 13801 +0.42% #CAC 6094 +0.40% #AEX 631 +0.33% #MIB 24953 +0.35% #IBEX 9997 +0.40% #STOXX 3854 +0.33%
  • An old piece of mine, but I still think its relevant today: Fowl Play: Lessons from the US, EU 'Chicken' Trade War - https://www.dailyfx.com/forex/fundamental/article/special_report/2018/10/11/Fowl-Play-Lessons-from-the-US-EU-Chicken-Trade-War.html Enjoy🐔
  • Join @DavidCottleFX 's #webinar at 3:00 AM ET/8:00 AM GMT for your weekly update on the top Asia Pacific market drivers that traders should watch this week. Register here: https://t.co/HNf3Axw8s5 https://t.co/FCLErglc7z
  • RT @markets: China cuts rates, adds medium-term funds to counter virus https://t.co/mo9zSlvelK
  • RT @ReutersBiz: BOJ Kuroda says to consider more easing if virus impact becomes big: Sankei https://t.co/3nUe8w1wCX https://t.co/zYURJZPI5q
GBP/USD Mid-1.40s Battle Ongoing

GBP/USD Mid-1.40s Battle Ongoing

2016-04-07 18:24:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

GBP/USD Mid-1.40s Battle Ongoing

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-There is no change to recent GBP/USD comments other than accentuating the importance of the mid-1.40s current level), which is highlighted. “GBPUSD continues to trade above long term support (see here) but price needs to take out 1.4515 in order to eliminate the wet blanket behavior. A push through the noted level would complete a 2+ month head and shoulders bottom and target longer term downtrend resistance near 1.50. Until then, downside continuation into the low 1.30s cannot be dismissed.”

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.