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Mixed
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High
of clients are net long.
of clients are net short.
Long Short

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EUR/USD Price Outlook - Sitting on Multi-Week Support Ahead of Busy Data and Events Week
2021-01-18 12:00:00
EURUSD and S&P 500 Break Lower to End the Week, VIX Ready to Blow
2021-01-18 00:00:00
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Long Short

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Crude Oil Technical Outlook: Pullback at Hand Before Next Leg Higher?
2021-01-17 04:00:00
Crude Oil Prices In Focus Amid Fears of Falling Demand
2021-01-15 15:00:00
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Bearish
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of clients are net short.
Long Short

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Dow, Hang Seng, ASX 200 Outlook: China Q4 GDP, Stronger USD in Focus
2021-01-18 01:00:00
Dow, Nasdaq, S&P 500 Outlook: Earnings May Bring Positive Surprises
2021-01-17 13:00:00
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Long Short

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Markets Week Ahead: Russell 2000, S&P 500, Gold, USD, Biden Stimulus, Earnings, ECB
2021-01-18 15:00:00
Gold Price Outlook: XAU/USD Rebounds from a 6-Week Low. Now What?
2021-01-18 06:00:00
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of clients are net short.
Long Short

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Sterling (GBP) Weekly Forecasts: GBP Supported by Covid Vaccination Hopes
2021-01-16 22:00:00
GBP/USD Weekly Forecast: GBP/USD Rally Out of Steam?
2021-01-15 16:00:00
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Bearish
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Long Short

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Japanese Yen Technical Forecast: USD/JPY Triangle Builds into Wedge
2021-01-16 16:00:00
USD/JPY Forecast: Yen Pushes Back After Jerome Powell’s Interview
2021-01-15 12:53:00
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Forex Analysis: GBP/USD Classic Technical Report 12.27.2012

Forex Analysis: GBP/USD Classic Technical Report 12.27.2012

Ilya Spivak, Head Strategist, APAC

Prices found support at 1.6099 and corrected to retest support-turned-resistance at 1.6177. A break back above that targets 1.6300. Alternatively, a break past support aims for the 1.5951-1.60 area.

Forex_Analysis_GBPUSD_Classic_Technical_Report_12.24.2012_body_Picture_1.png, Forex Analysis: GBP/USD Classic Technical Report 12.27.2012

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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GBP/USD
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