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
Bearish
GBP/USD
Mixed
USD/JPY
Bearish
Gold
Bearish
Oil - US Crude
Bullish
Bitcoin
Mixed
More View more
Real Time News
  • 🇨🇦 CAD New Housing Price Index (YoY) (SEP), Actual: -0.1% Expected: -0.2% Previous: -0.3% https://www.dailyfx.com/economic-calendar#2019-11-14
  • 🇺🇸 USD Continuing Claims (NOV 2), Actual: 1683k Expected: 1685k Previous: 1693k https://www.dailyfx.com/economic-calendar#2019-11-14
  • 🇺🇸 USD Continuing Claims (NOV 2), Actual: 1.68M Expected: 1685k Previous: 1689k https://www.dailyfx.com/economic-calendar#2019-11-14
  • 🇺🇸 USD Initial Jobless Claims (NOV 9), Actual: 225k Expected: 215k Previous: 211k https://www.dailyfx.com/economic-calendar#2019-11-14
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.56%, while traders in France 40 are at opposite extremes with 82.88%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/OHWoe77V9F
  • $USDMXN ripping higher ahead of the Banxico rate decision due later today at 19:00 GMT. Stay tuned for a full analysis on the Mexican Peso and Banco de Mexico https://t.co/6R89PZRWbK
  • Geopolitical developments send #oil prices soaring or falling. Get your market update from @MartinSEssex here:https://t.co/XVXLyG8vjq #OOTT https://t.co/R9YOxdPwXc
  • Forex Update: As of 13:00, these are your best and worst performers based on the London trading schedule: 🇯🇵JPY: 0.16% 🇨🇭CHF: 0.14% 🇬🇧GBP: -0.08% 🇨🇦CAD: -0.12% 🇳🇿NZD: -0.41% 🇦🇺AUD: -0.80% View the performance of all markets via https://www.dailyfx.com/forex-rates#currencies https://t.co/C0qfNx1Ewq
  • Heads Up:🇺🇸 USD Continuing Claims (NOV 2) due at 13:30 GMT (15min), Actual: N/A Expected: 1685k Previous: 1689k https://www.dailyfx.com/economic-calendar#2019-11-14
  • Heads Up:🇺🇸 USD Initial Jobless Claims (NOV 9) due at 13:30 GMT (15min), Actual: N/A Expected: 215k Previous: 211k https://www.dailyfx.com/economic-calendar#2019-11-14
Forex Analysis: GBP/USD Classic Technical Report 11.28.2012

Forex Analysis: GBP/USD Classic Technical Report 11.28.2012

2012-11-28 05:27:00
Ilya Spivak, Sr. Currency Strategist
Share:

Prices bounced from support at a rising trend line set from the June 1 low after completing a bullish Piercing Line candlestick pattern and now challenge the top of a rising channel set from late September (1.6025). A break above that initially exposes 1.6145. Alternatively, a move lower through minor supports at 1.6003 and 1.5951 aims to test the trend line (now at 1.5882) anew.

Forex_Analysis_GBPUSD_Classic_Technical_Report_11.28.2012_body_Picture_1.png, Forex Analysis: GBP/USD Classic Technical Report 11.28.2012

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, 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.