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
EUR/USD
Bullish
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
Wall Street
Bullish
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
Gold
Bullish
GBP/USD
Bullish
USD/JPY
Bullish
More View more
Real Time News
  • Secretary Mnuchin says he will meet with Senator McConnell today - BBG
  • EUR/USD is currently just holding onto 1.1700 as US dollar strength and Euro weakness combine to keep downward pressure on the pair. Get your $EURUSD market update from @nickcawley1 here: https://t.co/u38O9owdB0 https://t.co/BgVq604gBl
  • US Treasury Secretary Steve Mnuchin showed up for follow up stimulus talks with House Speaker Pelosi's team. I remain highly dubious they will hash out this necessary stimulus follow up soon. With the recent layoff announcements, the need is becoming more obvious
  • #Sterling Outlook: Pound Rebound to be Short Lived- $GBPUSD Levels - https://t.co/OMEc8v2XsI https://t.co/bvH498fiHy
  • Fed's Kaplan says rates need to be at zero for next 2.5 to 3 years - CNBC
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 96.18%, while traders in Wall Street are at opposite extremes with 66.72%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/PqDUdLtggr
  • #Gold prices have struggled through September after being one of the best performing assets since global financial markets bottomed out in March. Get your $XAUUSD market update from @CVecchioFX here: https://t.co/9neyikUiP7 https://t.co/IvfwtWGGZg
  • Commodities Update: As of 16:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: 1.80% Gold: -0.13% Silver: -1.58% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/z0qHXFaTUg
  • Forex Update: As of 16:00, these are your best and worst performers based on the London trading schedule: 🇦🇺AUD: 0.49% 🇨🇦CAD: 0.47% 🇬🇧GBP: 0.39% 🇯🇵JPY: 0.07% 🇨🇭CHF: -0.12% 🇪🇺EUR: -0.24% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/pLN0iIfs3q
  • Hey traders! Get your daily dose of market update with @DailyFX Chief Strategist @JohnKicklighter 👇 https://t.co/Qk8ZFUMwgR
GBPUSD Classic Technical Report 08.28.2012

GBPUSD Classic Technical Report 08.28.2012

2012-08-28 12:26:00
Ilya Spivak, Head Strategist, APAC
Share:

Prices edged lower as expected after putting in a Shooting Star candlestick below resistance at 1.5906, the 61.8%Fibonacci retracement. Near-term support lines up in the 1.5769-84 area, marked by the March 22 low and the 50% Fib. A push back below that aims for the 1.5638-62 region, defined by a horizontal pivot set from mid-February and the 38.2% retracement. Alternatively, a reversal above resistance exposes the 1.60 figure and the 76.4% level at 1.6057.

GBPUSD_Classic_Technical_Report_08.28.2012_body_Picture_5.png, GBPUSD Classic Technical Report 08.28.2012

Daily Chart - Created Using FXCM Marketscope 2.0

--- Written by Ilya Spivak, Currency Strategist for Dailyfx.com

To contact Ilya, e-mail ispivak@dailyfx.com. Follow Ilya on Twitter at @IlyaSpivak

To be added to Ilya's e-mail distribution list, send a note with subject line "Distribution List" to ispivak@dailyfx.com

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

DISCLOSURES