FX_IDC:GBPUSD chart by TradingView

GBP/USD

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.


SSI: The Speculative Sentiment Index


Last Week
2.52
Current
---
Chg. Open Interest
20.2%
Outlook
Bearish

Support & Resistance

GBP/USD
U.S. Dollar at Support: USD/CAD, GBP/USD with Reversal Potential
S11.2260 W R31.2513 S
S21.2201 M R21.2416 M
S31.2088 S R11.2369 W
Trend
down
Volatility
2%
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News


U.S. Dollar at Support: USD/CAD, GBP/USD with Reversal Potential

The 'Trump Trade' continues to retrace in the U.S. Dollar, but longer-term technical posture remains strong. Will bulls return fast enough to quell a reversal in GBP/USD?
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Analyst Picks

James Stanley   

Currency Strategist

My Picks: Long-Term Setups in GBP/USD, EUR/JPY and USD/JPY
Expertise: Price Action + Macro
Average Time Frame of Trades: few days - few weeks

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Pivot Points

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Forex Economic Calendar

A: Actual   F: Forecast    P: Previous