GBPUSD chart by TradingView


The British Pound against the US Dollar is one of the oldest currency pairings in the world. The pair is often called 'The Cable', as the first transatlantic communication cable run across the floor of the Atlantic, connecting Great Britain with The United States, was used to transmit currency prices between the two economies. 'The Cable' remains a favorite of traders today, accumulating massive interest considering the size of The UK economy.

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Last Week
Chg. Open Interest

Support & Resistance

Long U.S. Dollar vs. GBP, JPY
S11.3000 W R31.3250 S
S21.2931 M R21.3126 M
S31.2861 S R11.3083 W


Long U.S. Dollar vs. GBP, JPY

The U.S. Dollar has put in another spurt of weakness after the July FOMC rate decision. But with a slate of high-impact data on the calendar for the remainder of this week, bullish positions in the Greenback may become attractive again.
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Analyst Picks

James Stanley   

Currency Strategist

My Picks: Long USD v/s GBP, JPY
Expertise: price action + macro
Average Time Frame of Trades: few days - few weeks

Pivot Points

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