News & Analysis at your fingertips.

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. See our updated Privacy Policy here.



Notifications below are based on filters which can be adjusted via Economic and Webinar Calendar pages.

Live Webinar

Live Webinar Events


Economic Calendar

Economic Calendar Events

Free Trading Guides
Please try again
Oil - US Crude
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
  • The Nasdaq 100 index is aiming to breach a key resistance level at 14,950 for a second time. A successful attempt may open the door to further gains, although the MACD indicator flags signs of weakness. Get your equities forecast from @margaretyjy here:
  • Currency exchange rates are impacted by several factors. Are different world leaders a contributing factor? Find out here:
  • Many people are attracted to forex trading due to the amount of leverage that brokers provide. Leverage allows traders to gain more exposure in financial markets than what they are required to pay for. Learn about FX leverage here:
  • Trading Forex is not a shortcut to instant wealth, excessive leverage can magnify losses, and sentiment is a powerful indicator. Learn about these principles in depth here:
  • Although the medium-term outlook remains negative, Bitcoin could make a bullish move in the coming days if prices manage to hold above key support in the $29,150/28,600 region. Get your #Bitcoin forecast from @DColmanFX here:
  • Risk management is one of the most important aspects of successful trading, but is often overlooked. What are some basic principles or risk management? Find out from @PaulRobinsonFX here:
  • Brush up your knowledge on trade-wars with this tool from DailyFX research briefly outlining trade-war history dating back to the early 1900s here:
  • Crude oil prices collapsed on Monday despite an OPEC+ breakthrough, driven by Covid-induced demand woes. Meanwhile, Gold is at odds with a stronger US Dollar and falling Treasury yields. Get your #crudeoil market update from @FxWestwater here:
  • AUD/USD is likely to face increased volatility over the coming days as it faces a batch of key event risks going into the end of July. Get your Australian Dollar forecast from @DavidJSong here:
  • The US Dollar outlook against ASEAN currencies like the Singapore Dollar, Thai Baht, Indonesian Rupiah and Philippine Peso remains bullish amid capital outflows risks as Covid cases swell. Get your market update from @ddubrovskyFX here:
GBP/USD Technical Outlook: Looking Ahead to Potential Run-in with 13500

GBP/USD Technical Outlook: Looking Ahead to Potential Run-in with 13500

Paul Robinson, Strategist

GBP/USD Highlights:

  • GBP/USD grinding its way higher towards a big level
  • 13500 has confluent resistance dating back many years

GBP/USD has been on a bit of a ‘jagged-tooth’ run, with momentum stalling just about the time it looks like it is ready to accelerate. Perhaps we see cable turn down here again soon before trying to resume higher, or just simply roll over, but if it can keep making its way higher a big test lies ahead.

The 13500-area is a big one, with long-term levels/lines in confluence. Two very important turning points are included, with the 2007 top having a trend-line project lower off of it over 2014/2020 highs, and the 2009 low having become influential a couple of times in the past year.

The most recent turn down from confluence was at the end of August, where the lines were in almost exact alignment. Since then the trend-line has further descended, putting it a little under 13500. But let’s not split hairs, we are talking about levels from over a decade ago, so a little latitude is needed.

Another test could bring some longer-term clarity, perhaps. Finding big-picture clarity in this market has been hard to do, with major FX pairs broadly rangebound for the better part of the last five years. A firm weekly close above 13500 could open up a path of much higher levels.

A rejection from resistance will bring less clarity as it continues to keep price contained. If the rejection were hard enough it may indicate that a sizable decline back towards the 2020 lows wants to develop, but will be a less compelling case than if we see a breakout.

For now, in wait-and-see mode. Maybe we will see an end-of-year move that surprises as the stage gets set for 2021.

GBP/USD Monthly Chart (big intersection at ~13500)

gbp/usd monthly chart

GBP/USD Chart by TradingView

GBP/USD Daily Chart (grinding towards test)

gbp/usd daily chart

GBP/USD Chart by TradingView

Resources for Forex Traders

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

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