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
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
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
USD/JPY
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
Bearish
Oil - US Crude
Mixed
Bitcoin
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
  • Have you been catching on your @DailyFX #podcast "Global Markets Decoded"? Catch up on them now, before new episodes release! https://t.co/mk1w1DM2Rh https://t.co/4xhBz4gJxy
  • (OCT P) Japanese Machine Tool Orders: Actual: -37.4% y/y Prior: -35.5% y/y $USDJPY
  • Do join @ddubrovsky for Wednesday's #RBNZ interest rate call if you can. There's unusual uncertainty about what the central bank will do... #NZD, #NZDUSD https://t.co/PLWrm8sJE8
  • Heads Up: (OCT P) Japanese Machine Tool Orders due at 6:00 GMT: Prior: -35.5% y/y $USDJPY
  • $AUDJPY bearish and bullish technical setups are forming, the outcome largely depends on the progress in US-China trade talks as a catalyst for the Australian Dollar and Japanese Yen. Get your market update from @ddubrovskyFX here: https://t.co/qBw7m04PvD https://t.co/UeUN2CKmyX
  • #EURNOK, #GBPSEK, #GBPNOK, #USDSEK Technical Analysis - https://www.dailyfx.com/forex/fundamental/article/special_report/2019/11/12/EUR-NOK-GBP-SEK-GBP-NOK-USD-SEK-Technical-Analysis-.html
  • Overnight index swaps are pricing in a less than even chance (16.1%) of a #BOJ rate cut at their next meeting on 12/19/2019 #JPY
  • US Dollar, Rupee Outlook: USD/INR Rate May Rise as Nifty Falls #Rupee #Nifty $USDINR - https://www.dailyfx.com/forex/technical/article/special_report/2019/11/12/US-Dollar-Rupee-Outlook-USDINR-Rate-May-Rise-as-Nifty-Falls.html?CHID=9&QPID=917702 https://t.co/JhjkG2TpMG
  • Since late July, the economic news flow from Australia has been increasingly out-performing relative to economists’ expectations. -Citi #AUD
  • Heads Up! Analyst @ddubrovskyFX will be covering the #RBNZ rate decision later this week on Wednesday beginning at 00:45 GMT. He will be talking about the #NZD outlook. Signup for the session below! $NZDUSD $NZDJPY $AUDNZD $NZDCAD - https://t.co/FdVvzYp83Q
FOREX ANALYSIS: British Pound Poised for Strength

FOREX ANALYSIS: British Pound Poised for Strength

2012-11-29 15:35:00
David Rodriguez, Head of Business Development
Share:
ssi_gbp-usd_body_Picture_5.png, FOREX ANALYSIS: British Pound Poised for Strength

GBPUSD – Retail forex traders continue selling into British Pound strength against the US Dollar (ticker: USDOLLAR), and a contrarian view of crowd sentiment leaves us in favor of further GBPUSD gains.

One of our sentiment-based trading strategies has most recently gone long the GBPUSD, but it will be important to watch whether the GBP clears key technical resistance at $1.6174. Yet the broader USD downtrend leaves us in favor of continued GBPUSD strength.

--- Written by David Rodriguez, Quantitative Strategist for DailyFX.com

To receive the Speculative Sentiment Index and other reports from this author via e-mail, sign up for his distribution list via this link.

New to FX markets? Learn more in our video trading guide.

Contact David via

Twitter at http://www.twitter.com/DRodriguezFX

Facebook at http://www.Facebook.com/DRodriguezFX

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

DISCLOSURES

News & Analysis at your fingertips.