GBP USD - Live Chart

Click on options button to show the control box from which you can change timeframes. To select indicators check the "osc" box,select your prefered indicator from the drop down menu and alter settings.
If the indicator does not show de-select the "osc" box then re-select.the indicator should now show. You can also visit our new Forex Charts here.

GBP/USD - British Pound Dollar

1,4800. GBP USD is in a consolidation after the last bullish movement. GBP USD moves without trend and swings around exponential moving averages (EMA 50 and 100). The volatility is high. Bollinger bands are flat. Oscillators are neutral. The consolidation should continue. The price should continue to move in 1,4725 / 1,4950 range.

GBP/USD: Pound, above 1.4900

FXstreet.com (Barcelona) – The Pound has posted a 150 pip rally so far to reach an intra-day high at 1.4917, approaching yesterday’s high at 1.4950.In case of further climbing above 1.4950, the Pound would get on the track towards 1.5065 (Apr 16 high), above there, 1.5080. On the downside, support levels might lie at 1.4855/70 and below there 1.4820 and 1.4765.GBP/JPY has appreciated from levels around 14600 ahead of European session opening to levels right at 148.00 at the time of writing. Next resistance levels stand at 148.15 and 148.80. On the downside support levels might lie at 147.00 and 144.70.

QUOTE

With the technical analysis for currency trading, you note it as short-term (intraday). For example, with the euro, your comment is:1,5717. EUR USD broke 1,5700 resistance. EUR USD is in a consolidation after the last bullish movement. Bollinger bands are flat. ForexTrend daily (Mataf Trend Indicator) is in a bullish configuration. 1H, 4H ForexSto (Modified Stochastic) indicate a bullish pressure on EUR USD. The price should find a resistance below 1,5740. If the resistance is broken then the target will be 1,5850.Is the bullish pressure on euro just for that day (4/4) or a longer term, say several days to one week? I am just euro as an example. I would like to know how to interpret your forex analysis in general

Forex Quotes

Our live Forex Quote tables cover most Currency pairs.
If you wish to display a chart for the Forex Quote you are interested in just click on the foreign exchange rate quote. A live Forex Chart will appear which is fully customisable
window.google_render_ad();
USD rates
GBP rates
EUR rates
JPY rates
CHF rates
EGP rates
JOD rates
QAR rates
SAR rates
TND rates

Momentum Trading with the Wave and Chart Patterns

It was only after I embraced market cycles that I truly began to understand what to do with all the "lines and levels" I had learned to draw on my charts. Early on as I began teaching myself to trade in the late 1980's to early 1990's, there were not many books available to read about the subject of charting. I found myself gravitating towards price (instead of news) because my mother was a bit of a market timer (although not trained nor conscious that she was indeed market timing).

Analysis Disclaimer

Saxo Bank A/S shall not be responsible for any loss arising from any investment based on any recommendation, forecast or other information herein contained. The contents of this publication should not be construed as an express or implied promise, guarantee or implication by Saxo Bank that clients will profit from the strategies herein or that losses in connection therewith can or will be limited. Trades in accordance with the recommendations in an analysis, especially leveraged investments such as foreign exchange trading and investment in derivatives, can be very speculative and may result in losses as well as profits, in particular if the conditions mentioned in the analysis do not occur as anticipated.