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GBP/USD pair finished lower on Friday at 1.5631

GBPUSD chart

The GBP/USD pair finished lower on Friday at 1.5631, after having failed to extend gains above the short term moving averages. The pair has recovered part of its losses today to trade higher at 1.5650, although the pair is stuck around the 5-DMA located at 1.5651 levels.

Exclusive Analysis

Current Trading Positions

EURUSD Order Entry SL TP
RoboForex SHORT LMT @1.2260 1.2295 1.2146
GBPUSD Order Entry SL TP
Pattern Trapper SELL LI <1.5630 - -
AUDUSD Order Entry SL TP
Pattern Trapper SELL LI <0.8156 - -
USDCHF Order Entry SL TP
Pattern Trapper BUY LI >0.9767 - -
GBPJPY Order Entry SL TP
Danske Bank A/S LONG LMT @186.70 185.35 189.70

Macroeconomics

Marshall Gittler

The Big Picture

Divergence in monetary policy to be continuing theme in 2015 The action Friday showed that divergence in monetary...

The USD remains heavy, but mostly sideways in the holiday season

Pair Average levels
1 Week 1 Month 1 Quarter
EURUSD 1.2267 1.2249 1.2078
GBPUSD 1.5569 1.5593 1.5542
USDJPY 118.98 119.96 122.03
USDCHF 0.9812 0.9829 0.9982
AUDUSD 0.8143 0.8223 0.8148
Pair Average levels
1 Week 1 Month 1 Quarter
USDCAD 1.1588 1.1510 1.1582
NZDUSD 0.7732 0.7735 0.7658
GBPJPY 187.72 187.32 191.54
EURJPY 146.89 147.17 148.24
EURGBP 0.7836 0.7824 0.7756

After a decline of 350 pips post-FOMC, the #FXpoll expect some consolidation into holiday season.

No matter the good data of CPI or Retail Sales in the UK; the Greenback remains heavy and therefore, the GBP/USD: Below 1.5600.

The USD/JPY consolidates positions before a new long-term increase.

No recovery for the AUD/USD; despite a small bounce in the 1-month picture, the #FXpoll expects the pair to be 'pegged' to the 0.8150.

Gradual rise in the EUR/JPY; Market players opted for the euro in the weaker competition.

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Dec 19, 15:04 GMT

EURUSD - Support at the price of 1.2250 is on the test by ForexTrading.TV

Most Traded Pairs Now


Pair Price Hour Day Week Month
USDJPY 119.85 0.01 0.25 1.80 1.81
USDCAD 1.1598 0.08 -0.13 -0.50 3.19
GBPUSD 1.5624 -0.12 0.00 -0.05 -0.24
EURUSD 1.2261 -0.06 0.33 -1.40 -1.06
AUDUSD 0.8138 -0.11 -0.04 -0.88 -6.13