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
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
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
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
Bitcoin
Bearish
More View more
Real Time News
  • Hello there traders! The IG Client Sentiment outlook for $EURUSD is bearish while the forecast for $USDCAD is bullish. Join me later today at 1:00 GMT (in 2 hours) to learn more about how you can use this in your strategy here - https://www.dailyfx.com/webinars/998956395?CHID=9&QPID=917702
  • $GBPUSD Daily Pivot Points: S3: 1.2728 S2: 1.2787 S1: 1.2816 R1: 1.2875 R2: 1.2904 R3: 1.2962 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • $USDJPY Daily Pivot Points: S3: 108.33 S2: 108.7 S1: 108.86 R1: 109.23 R2: 109.44 R3: 109.81 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Tomorrow's event risk include employment numbers out of Australia, German and Euro-Zone GDP Q3 readings, overnight rate decision from Banxico, and Fed Chair Powell will testify before the House Budget Committee $EUR $MXN $AUD $DXY https://t.co/2oJpJwij0q
  • DailyFX Sr. Currency Strategist @CVecchioFX is a long term macro trader. What is your #tradingstyle? Take the quiz and let us know in the comments! https://t.co/LPBOcS0Vtd https://t.co/GmxPPpX1Be
  • This tweet from last week is just as true today as it was then https://t.co/RPZp0xAF7C
  • $EURUSD Daily Pivot Points: S3: 1.0944 S2: 1.0981 S1: 1.0995 R1: 1.1031 R2: 1.1053 R3: 1.1089 https://www.dailyfx.com/pivot-points?ref=SubNav?utm_source=Twitter&utm_medium=DFXGeneric&utm_campaign=twr
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 1.28% 🇨🇭CHF: 0.31% 🇯🇵JPY: 0.18% 🇪🇺EUR: -0.02% 🇦🇺AUD: -0.05% 🇨🇦CAD: -0.16% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/DMbCFCWxda
  • The People's Bank of China said the country's crypto solution - 'digital Yuan' - should have ‘controllable anonymity’. I may be reaching here, but I don't expect strong global uptake from the crypto community...
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Silver: 1.06% Oil - US Crude: 0.50% Gold: 0.43% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/xdwa4LvTDp
GBP/USD Classical 03.09

GBP/USD Classical 03.09

2011-03-09 06:37:00
Joel Kruger, Technical Strategist
Share:
GBPUSD_CLassical_body_gbp2.png, GBP/USD Classical 03.09

GBP/USD:The 1.6300 handle continues to be a difficult obstacle for bulls, with the market unable to hold above the figure for any meaningful period of time. Monday’s bearish outside day was impressive with the market engulfing the previous 2 day range and closing just under 1.6200 to now open the door for deeper setbacks over the coming sessions. Look for a drop towards the 1.6000 area, while back under 1.5960 accelerates further. Intraday rallies should be well capped ahead of 1.6250. Only back above 1.6345 negates.

Written by Joel Kruger, Technical Currency Strategist for DailyFX.com

If you wish to receive Joel's reports in a more timely fashion, e-mail jskruger@dailyfx.com and you will be added to the "distribution" list.

If you wish to discuss this topic or any other feel free to visit our Forum page

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

DISCLOSURES

News & Analysis at your fingertips.