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US Dollar Outlook: USD/CAD Volatility to Rise, Jobs Data Looms
2021-05-06 22:05:00
Euro Technical Analysis: Rally May Have Another Leg - Levels for EUR/GBP, EUR/JPY, EUR/USD
2021-05-06 20:00:00
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Oil Price Rally Vulnerable Amid Failure to Test March High
2021-05-06 14:30:00
Crude Oil Prices May Turn Lower From Key Chart Barrier
2021-05-06 05:00:00
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7 Meme Stocks Driving Markets & Making a Mark
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EURUSD and GBPUSD Staged for Breakouts but Where are the Sparks Before NFPs?
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Gold Price Tops $1,800 with Conviction – More Gains Ahead?
2021-05-06 19:50:00
Monthly Forex Seasonality - May 2021: Sell in May and Go Away? Not for USD, Stocks
2021-05-06 16:30:00
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2021-05-06 16:30:00
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Monthly Forex Seasonality - May 2021: Sell in May and Go Away? Not for USD, Stocks
2021-05-06 16:30:00
US Dollar Rattles at Resistance: EUR/USD, USD/CAD, USD/JPY
2021-05-05 17:00:00
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  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 3.18% Gold: 1.61% Oil - US Crude: 0.31% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/mo9LS3teJl
GBPUSD Classic Technical Report 10.11.2012

GBPUSD Classic Technical Report 10.11.2012

Ilya Spivak, Head Strategist, APAC

Prices are testing support at 1.5996, the 38.2% Fibonacci retracement level. A break lower exposes the 50% retracement at 1.5899. Near-term falling trend line resistance is at 1.6142. A push above this boundary broadly clears the way for another challenge of the 1.63 figure.

GBPUSD_Classic_Technical_Report_10.11.2012_body_Picture_5.png, GBPUSD Classic Technical Report 10.11.2012

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

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

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