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.

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
EUR/USD
Bearish
Oil - US Crude
Bullish
Wall Street
Mixed
Gold
Mixed
GBP/USD
Bearish
USD/JPY
Mixed
More View more
Real Time News
  • 🇸🇪 GDP Growth Rate YoY Final (Q3) Actual: -2.5% Expected: -3.6% Previous: -7.5% https://www.dailyfx.com/economic-calendar#2020-11-27
  • 🇸🇪 GDP Growth Rate QoQ Final (Q3) Actual: 4.9% Expected: 4.4% Previous: -8.0% https://www.dailyfx.com/economic-calendar#2020-11-27
  • Commodities Update: As of 08:00, these are your best and worst performers based on the London trading schedule: Gold: -0.11% Oil - US Crude: -0.16% Silver: -0.35% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/SRluOPb2qx
  • Forex Update: As of 08:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.32% 🇳🇿NZD: 0.31% 🇯🇵JPY: 0.23% 🇪🇺EUR: 0.14% 🇨🇦CAD: 0.13% 🇨🇭CHF: 0.09% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/UEcTYrN7bT
  • Heads Up:🇹🇼 GDP Growth Rate YoY Final (Q3) due at 08:30 GMT (15min) Previous: -0.58% https://www.dailyfx.com/economic-calendar#2020-11-27
  • Heads Up:🇸🇪 GDP Growth Rate YoY Final (Q3) due at 08:30 GMT (15min) Expected: -3.6% Previous: -8.2% https://www.dailyfx.com/economic-calendar#2020-11-27
  • Heads Up:🇸🇪 GDP Growth Rate QoQ Final (Q3) due at 08:30 GMT (15min) Expected: 4.4% Previous: -8.6% https://www.dailyfx.com/economic-calendar#2020-11-27
  • 🇭🇺 Unemployment Rate (OCT) Actual: 4.3% Previous: 4.4% https://www.dailyfx.com/economic-calendar#2020-11-27
  • Indices Update: As of 08:00, these are your best and worst performers based on the London trading schedule: US 500: 0.22% Wall Street: 0.12% Germany 30: -0.20% France 40: -0.22% FTSE 100: -0.26% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/P9hwMOzO64
  • 🇫🇷 Inflation Rate YoY Prel (NOV) Actual: 0.2% Expected: 0.1% Previous: 0% https://www.dailyfx.com/economic-calendar#2020-11-27
GBP/USD Classical Technical Report 01.25

GBP/USD Classical Technical Report 01.25

2012-01-25 06:47:00
Joel Kruger, Technical Strategist
Share:
Daily_Classical_GBPUSD_body_gbp2.png, GBP/USD Classical Technical Report 01.25

GBP/USD:The market has mostly been locked in some sideways chop over the past few weeks with any rallies very well capped ahead of 1.5800 and setbacks supported on dips below 1.5300. Until either side is convincingly broken, we would expect to see additional range trade. Therefore the preferred strategy is to look to buy range dips and sell by range highs. Only a weekly close above 1.5800 or below 1.5250 would give reason for outlook shift.

--- Written by Joel Kruger, Technical Currency Strategist

To contact Joel Kruger, email jskruger@dailyfx.com. Follow me on Twitter @JoelKruger

To be added to Joel Kruger’s distribution list, send an email with subject line “Distribution List” to jskruger@dailyfx.com

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

DISCLOSURES