The British pound has fallen apart during the trading session on Tuesday, as the 1.40 level now acts as resistance. However, I still believe in the longer-term story but as we continue to have a bit of a “risk off” attitude in the global …
GBP/USD Daily Chart Notice that, tomorrow at 08:30, the UK inflation data will come out and will serve as major Catalyst for the pair price action. The GBP/USD major currency pair has gained the Forex market nickname “Cable”, named …
In sum, traders have a great opportunity to rejoin a very strong GBPUSD uptrend using narrow range candles as a trigger. It is important to note that whipsaws and pattern failures can happen not only with this strategy but other breakout …
-GBPUSD pivots near channel low and its conviction rating is reduced from ‘3’ to ‘2’ The DailyFX Plus Breakout2 strategy is one of the more widely followed by traders. This piece aims to identify those markets where breakout conditions are ...
The investment seeks to provide investors with exposure to the British pound/U.S. dollar exchange rate (the "GBP/USD exchange rate" or the "index"). The GBP/USD exchange rate is a foreign exchange spot rate that measures the relative …