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
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
GBP/USD
Bullish
USD/JPY
Bullish
Gold
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
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
Mixed
More View more
Real Time News
  • The $USD may rise if US-China trade deal optimism fades. The Singapore Dollar and Indian Rupee may weaken if China GDP continues slowing and the #IMF reiterates trade uncertainty. Get your market update from @ddubrovskyFX here:https://t.co/E1CIHNeaIs https://t.co/8pQW0C2BbV
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.14%, while traders in US 500 are at opposite extremes with 75.16%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/u5QzsWqRme
  • Downing Street sources have confirmed that they do not expect further contact with the DUP today $GBP
  • #DidYouKnow a shooting star formation is a bearish reversal pattern that consists of just one candle. How to trade shooting star candle stick? Find out: https://t.co/lY2wsk0ROg https://t.co/FA8tfBPnH3
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 0.78% Gold: -0.23% Silver: -0.47% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/1eWrlHqbBH
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.35% 🇦🇺AUD: 0.17% 🇬🇧GBP: 0.07% 🇯🇵JPY: 0.02% 🇨🇦CAD: -0.01% 🇨🇭CHF: -0.02% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/fQkH7L1Ft7
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: US 500: 0.03% Wall Street: 0.01% Germany 30: -0.14% France 40: -0.73% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/3thegqARME
  • USD to Canadian Dollar Price: USD/CAD Eyes More Losses – Levels and Signals More details in the link below: https://www.dailyfx.com/forex/technical/home/analysis/usd-cad/2019/10/18/USD-to-Canadian-Dollar-Price-USDCAD-Eyes-More-Losses-Levels-and-Signals-MK.html?CHID=9&QPID=917714 https://t.co/hjtIjfvocg
  • Labour Lawmaker John Mann says will vote for PM Johnson's deal, says expects more than 9 Labour MPs to support the deal $GBP
  • The $NZD may be carving out a near-term bottom against its US counterpart but scope for gains seems limited within a broader downtrend. Get your market update from @IlyaSpivak here:https://t.co/7bsVuSyWMn https://t.co/CAEfBgVHUc
GBP/USD Former Channel Resistance Holds as Support

GBP/USD Former Channel Resistance Holds as Support

2016-11-10 22:04:00
Jamie Saettele, CMT, Sr. Technical Strategist
Share:

Daily

GBP/USD Former Channel Resistance Holds as Support

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-The last update noted that “the crash day close at 1.2433 may prove useful as a pivot (a bias level). A close above the channel line would clear the way for strength towards the July low at 1.2791.” GBP/USD broke through 1.2433 today so focus is towards the mentioned range low at 1.2791.

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

DISCLOSURES

News & Analysis at your fingertips.