Look for short below 1.3500

FX:GBPUSD   British Pound / U.S. Dollar
55 0
The market remains confined to an intense downtrend and is in the process of consolidating just off the recent +30-year low from July. Any rallies are classified as corrective ahead of what should be the next major break below 1.2800 and towards 1.2500. Only back above 1.3500 will take the immediate pressure off the downside and force a shift in the structure.
The combination of a healthy run of UK data and not so impressive US data have been seen as the primary drivers behind the Cable upside, though with the market now trading back towards 1.3500, there has been the emergence of renewed offers from macro players still betting on a lower Pound on the Brexit overhang. But for today, the focus will be on UK industrial and manufacturing production, a round of BOE speak from Carney, Cunliffe Forbes and McCafferty and the Fed Beige Book.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out