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  • IG Client Sentiment Update: Our data shows the vast majority of traders in Silver are long at 92.69%, while traders in Wall Street are at opposite extremes with 73.60%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/LbTu1XnLUG
  • Heads Up:🇹🇼 GDP Growth Rate YoY Adv (Q2) due at 08:00 GMT (15min) Expected: 6.05% Previous: 8.92% https://www.dailyfx.com/economic-calendar#2021-07-30
  • Heads Up:🇮🇹 GDP Growth Rate QoQ Adv (Q2) due at 08:00 GMT (15min) Expected: 1.3% Previous: 0.1% https://www.dailyfx.com/economic-calendar#2021-07-30
  • Heads Up:🇮🇹 GDP Growth Rate YoY Adv (Q2) due at 08:00 GMT (15min) Expected: 15.6% Previous: -0.8% https://www.dailyfx.com/economic-calendar#2021-07-30
  • Heads Up:🇩🇪 GDP Growth Rate QoQ Flash (Q2) due at 08:00 GMT (15min) Expected: 2% Previous: -1.8% https://www.dailyfx.com/economic-calendar#2021-07-30
  • Heads Up:🇩🇪 GDP Growth Rate YoY Flash (Q2) due at 08:00 GMT (15min) Expected: 9.6% Previous: -3.1% https://www.dailyfx.com/economic-calendar#2021-07-30
  • Technical analysis of charts aims to identify patterns and market trends by utilizing differing forms of technical chart types and other chart functions. Learn about the top three technical analysis tools here: https://t.co/KDjIjLdTSk https://t.co/rVUvtEu0bF
  • Commodities Update: As of 07:00, these are your best and worst performers based on the London trading schedule: Silver: 0.36% Gold: 0.14% Oil - US Crude: -0.51% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/DEbUuufwvT
  • Forex Update: As of 07:00, these are your best and worst performers based on the London trading schedule: 🇨🇦CAD: 0.02% 🇨🇭CHF: 0.02% 🇪🇺EUR: 0.02% 🇯🇵JPY: -0.08% 🇳🇿NZD: -0.17% 🇦🇺AUD: -0.18% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/iGs9KfJhKR
  • 🇨🇭 KOF Leading Indicators (JUL) Actual: 129.8 Expected: 130 Previous: 133.3 https://www.dailyfx.com/economic-calendar#2021-07-30
GBP/USD Classical Technical Report 06.20

GBP/USD Classical Technical Report 06.20

Joel Kruger, Technical Strategist
Daily_Classical_GBPUSD_body_gbp.png, GBP/USD Classical Technical Report 06.20

GBP/USD: Daily studies are now correcting from oversold and from here risks seem tilted to the upside to allow for a necessary short-term corrective bounce after setbacks stalled just shy of the 2012 lows from January. Look for additional upside towards the 1.5800-1.6000 from where a more meaningful lower top is sought out ahead of bearish resumption.

--- 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

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