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
GBP/USD
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
USD/JPY
Mixed
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
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
Bitcoin
Mixed
More View more
Real Time News
  • "The April VIX future has closed as much as 1.3 points above May’s during this pullback, the biggest such backwardation between the second and third-month contracts since the idiosyncratic volatility blowup in February 2018" https://t.co/35vDjoQQd3
  • Forex Update: As of 21:00, these are your best and worst performers based on the London trading schedule: 🇪🇺EUR: -0.01% 🇨🇭CHF: -0.08% 🇯🇵JPY: -0.20% 🇳🇿NZD: -0.51% 🇬🇧GBP: -0.82% 🇦🇺AUD: -0.91% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/XKfLFCRJ0v
  • Greece🇬🇷, Norway🇳🇴, Sweden🇸🇪, Finland🇫🇮, Belgium🇧🇪. What is more concerning is not only is it spreading within mainland Europe but also to its fingertips in the north to the Scandinavian countries and progressively to the east. North Macedonia and Russia also reported infections.
  • Credit markets are not liking the #coronavirus. Cost of insuring sub-investment grade corporate debt in Europe skyrocketed again to multi-month highs. Countries with confirmed cases of #COVID19: Italy🇮🇹, Germany🇩🇪, France🇫🇷, Spain🇪🇸, UK🇬🇧, Croatia🇭🇷, Austria🇦🇹, Switzerland🇨🇭.. https://t.co/ABT0RqeLuQ
  • 🇳🇿 NZD Trade Balance 12 Mth YTD (JAN), Actual: -3866m Expected: -3940m Previous: -4309m https://www.dailyfx.com/economic-calendar#2020-02-26
  • 🇳🇿 NZD Trade Balance (JAN), Actual: -340m Expected: -549m Previous: 547m https://www.dailyfx.com/economic-calendar#2020-02-26
  • Commodities Update: As of 21:00, these are your best and worst performers based on the London trading schedule: Gold: 0.32% Oil - US Crude: -0.00% Silver: -0.52% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/uzsWuWrbcV
  • Recession risk is back on the rise and largely attributable to expected economic impact from the #coronavirus outbreak. Get your market update from @RichDvorakFX here:https://t.co/NhzJHEqwj6 https://t.co/zY3kWFiys2
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.69%, while traders in USD/CAD are at opposite extremes with 71.27%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/AfHizYK5IA
  • Heads Up:🇳🇿 NZD Trade Balance 12 Mth YTD (JAN) due at 21:45 GMT (15min), Actual: N/A Expected: -3940m Previous: -4309m https://www.dailyfx.com/economic-calendar#2020-02-26
GBP/USD Classical Technical Report 09.21

GBP/USD Classical Technical Report 09.21

2011-09-21 05:50:00
Joel Krguer,
Share:
GBPUSD_Classical_body_gbp2.png, GBP/USD Classical Technical Report 09.21

GBP/USD: Overall price action seems to suggest that this market could once again be looking to roll over in favor of some fresh medium-term declines. Any gains in recent months have proven to be very well capped above 1.6500, and this latest break back below 1.5780 opens the door for a pick-up in bearish momentum towards key support by 1.5345 further down. Any interday rallies are expected to be well capped below 1.6000, while ultimately, only back above 1.6500 would give reason for concern.

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.