Skip to content
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 Outside Reversal Rally Fails at a Former Low

GBP/USD Outside Reversal Rally Fails at a Former Low

Jamie Saettele, CMT, Sr. Technical Strategist


Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-In classic Cable fashion, the cross took out the post-crash October lows on Wednesday before reversing. The rally failed on Thursday at the 11/18 low. There’s the possibility of a continuation head and shoulders (bearish) with a target at 1.1390. A close below 1.2080 is required to trigger.

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