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
Bullish
Oil - US Crude
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
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
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
GBP/USD
Mixed
USD/JPY
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
More View more
Real Time News
  • Commodities Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Silver: 2.85% Gold: 0.73% Oil - US Crude: -0.30% View the performance of all markets via https://www.dailyfx.com/forex-rates#commodities https://t.co/tCGrDwpnas
  • There really is no “taking one day off Twitter without something massive happening” is there? https://t.co/xRQ4wzhA43
  • With $EURUSD clearing 1.1000 this past week and the big swing the past few weeks, it seems remarkable progress for the benchmark currency pair. But consider the monthly picture. It is still awaiting the sentiment nod... https://t.co/4jBDlHwEqg
  • IG Client Sentiment Update: Our data shows the vast majority of traders in Ripple are long at 97.03%, while traders in US 500 are at opposite extremes with 75.77%. See the summary chart below and full details and charts on DailyFX: https://www.dailyfx.com/sentiment https://t.co/BUbAYHNPIt
  • Amid escalating China tension, Australian Dollar risk reversals indicate that the bullish bias recently enjoyed by AUD/USD could soon unwind and pressure spot prices back lower. Get your AUD/USD technical analysis from @RichDvorakFX here: https://t.co/ZAHEwxNrEW https://t.co/cIFgSuoWF2
  • Update on #Cryptocurrencies #BITCOIN -0.31% #BITCOINCASH +0.70% #ETHEREUM +2.67% #RIPPLE -0.51% #LITECOIN +0.52%
  • This is perhaps one of the most relevant monthly charts to consider today: $USDCNY (the CNH only goes back to 2012) standing at the midpoint of its massive repricing effort from 2005-2014 https://t.co/un6ZITi643
  • Break out those monthly charts ladies and gentlemen. We have closed out May.
  • Indices Update: As of 20:00, these are your best and worst performers based on the London trading schedule: Germany 30: 0.68% FTSE 100: 0.56% France 40: 0.48% Wall Street: 0.09% US 500: 0.08% View the performance of all markets via https://www.dailyfx.com/forex-rates#indices https://t.co/r2uWdXvJrn
  • "US Dollar, Nasdaq, Chinese Yuan React to Trump-China Presser" -via @DailyFX President Trump formally announces the United States will revoke Hong Kong’s preferential treatment amid escalating China tension. Where might $USD, $NDX, $CNH head next? Link: https://www.dailyfx.com/forex/market_alert/2020/05/29/usd-cnh-ndx-price-us-dollar-chinese-yuan-nasdaq-china-tension-trump-press-conference.html
Forex: GBP/USD Technical Analysis – Struggling at 1.64 Figure

Forex: GBP/USD Technical Analysis – Struggling at 1.64 Figure

2013-12-02 11:40:00
Ilya Spivak, Head Strategist, APAC
Share:

To receive Ilya's analysis directly via email, please SIGN UP HERE

Talking Points

  • Prices are testing resistance at 1.6406 (trend line from July 2013, 38.2% Fib exp.)
  • A break higher targets 1.6577 (50% Fib expansion)
  • Falling channel resistance-turned-support is at 1.6221

Confirm your chart-based trade setups with the Technical Analyzer.

dailyclassics_gbp-usd_body_Picture_12.png, Forex: GBP/USD Technical Analysis – Struggling at 1.64 Figure

Daily Chart - Created Using FXCM Marketscope 2.0

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

Contact and follow Ilya on Twitter: @IlyaSpivak

New to FX? START HERE

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.