British Pound (GBP) Latest: GBP/USD Highest Since May 2018, Uptrend Intact
GBP price, news and analysis:
GBP/USD continues to storm ahead, reaching its highest level since 2018.
Moreover, its long-term trend higher remains in place, suggesting even more gains to come.
This is not just about “risk-on” sentiment in the markets generally; GBP is also strong independently against other currencies such as the Euro. Advertisement
GBP/USD still trending higher
Further long-term gains in GBP/USD are looking increasingly likely after the pair hit its highest level since May 2018 and continues to climb within a well-defined channel on the weekly chart.
USD/JPY Probing Break to the Upside from Downward Sloping Channel
USD/JPY price, news and analysis:
USD/JPY has been falling steadily for almost a year, trading within a downward-sloping channel on the charts.
Now, though, it is probing the channel resistance line and if it manages a sustained break above it there would likely be further gains to come. Advertisement
USD/JPY attempting break higher
USD/JPY is probing the resistance line of a downward sloping channel on the charts that has contained price action since early last year. If it breaks through and stays above that line, further gains would likely follow.
Dow Jones Forecast: Three Dow Stocks to Watch in the Week Ahead
2021-01-21 21:05:00
Peter Hanks,
Strategist
Dow Jones Price Outlook:
Earnings season is underway and key tech leaders are set to report next week
A strong early performance from Netflix helped to boost tech sentiment ahead of reports from Microsoft, Apple and Facebook
Dow Jones Forecast: Three Dow Stocks to Watch in the Week Ahead
The Dow Jones, Nasdaq 100, S&P 500 and Russell 2000 trade at or near record levels, despite turbulent market conditions last week and lingering bouts of risk aversion this week. With sentiment seemingly at a crossroad, upcoming quarterly reports from some of the market’s largest and most influential companies could play an impactful role in where the indices head next. While a plethora of corporations are due to report next week, the three listed below are set to be some of the most impactful for a variety of reasons.
GBP/USD continues to struggle to make a sustained break above resistance just over 1.37 but, if it does, there is little further resistance before 1.38.