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
Mixed
Oil - US Crude
Bearish
Wall Street
Mixed
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
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
GBP/USD
Bullish
USD/JPY
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
More View more
Real Time News
  • $GBPUSD: los temores del #Brexit podrían frenar los avances #gbp #usd #trading https://t.co/3nhtvftKI3
  • 🇺🇸 MBA Mortgage Applications Actual: -3.9% Previous: 2.7% https://www.dailyfx.com/economic-calendar#2020-06-03
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.32%, while traders in US 500 are at opposite extremes with 74.97%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/N9nEe5rIKW
  • Heads Up:🇺🇸 MBA Mortgage Applications due at 11:00 GMT (15min) Previous: 2.7% https://www.dailyfx.com/economic-calendar#2020-06-03
  • Heads Up:🇵🇱 Interest Rate Decision due at 11:00 GMT (15min) Previous: 0.1% https://www.dailyfx.com/economic-calendar#2020-06-03
  • The Mexican Peso rally has taken USD/MXN below a key support pivot in price and leaves the pair vulnerable to further losses heading into June trade. Get your $USDMXN technical analysis from @MBForex here:https://t.co/lhWwu2KbbN https://t.co/rmF3tIIWgr
  • Commodities Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Oil - US Crude: -0.36% Gold: -0.46% Silver: -0.95% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/rdzI01Ofxb
  • Forex Update: As of 10:00, these are your best and worst performers based on the London trading schedule: 🇳🇿NZD: 0.50% 🇪🇺EUR: 0.37% 🇬🇧GBP: 0.29% 🇨🇭CHF: -0.02% 🇨🇦CAD: -0.07% 🇯🇵JPY: -0.13% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/Rt6n2U0KMl
  • USD/CAD suffered a bearish break beneath horizontal support last week which allowed further losses. Get your $USDCAD market update from @PeterHanksFX here: https://t.co/4malw68jqD https://t.co/T8uZrKGf5c
  • Indices Update: As of 10:00, these are your best and worst performers based on the London trading schedule: Germany 30: 2.61% France 40: 2.28% FTSE 100: 1.47% Wall Street: 0.73% US 500: 0.51% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/mAuLbs6dXS
GBPUSD Classic Technical Report 10.22.2012

GBPUSD Classic Technical Report 10.22.2012

2012-10-22 09:18:00
Ilya Spivak, Head Strategist, APAC
Share:

Prices are once again rebounding from support at the 1.60 figure, a barrier reinforced by the 38.2% Fibonacci retracement at 1.5996. Initial falling trend line resistance lines up at 1.6166, with a break above that broadly exposing the 1.63 figure. Alternatively, a reversal through support targets the 50% retracement at 1.5899.

GBPUSD_Classic_Technical_Report_10.22.2012_body_Picture_5.png, GBPUSD Classic Technical Report 10.22.2012

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, please CLICK HERE

New to FX? Watch this Video. For live market updates, visit the Real Time News Feed

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

DISCLOSURES

News & Analysis at your fingertips.