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.

0

Notifications

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

Live Webinar

Live Webinar Events

0

Economic Calendar

Economic Calendar Events

0
Free Trading Guides
Subscribe
Please try again
More View more
GBP/USD Carves a Bearish Outside Day

GBP/USD Carves a Bearish Outside Day

Jamie Saettele, CMT, Sr. Technical Strategist

Daily

GBP/USD Carves a Bearish Outside Day

Chart Prepared by Jamie Saettele, CMT

DailyFX Trading Guides and Forecasts

-After breaking through the early year high at 1.2432, GBP/USD retested the level as support twice. The seemingly positive action was dealt a blow today with a large bearish outside day. 1.2432 should still be watched for support but the reversal has me wondering if Cable is headed into a broader range.

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

DISCLOSURES