GBPUSD ANALYSIS -TRADERS' GUIDE
GBP/USD is the second more popular Forex currency in the world and it is usually offered in very tight spreads. The British Pound Sterling is the oldest actively traded currency on the global Foreign Exchange market, and London is the largest Forex center worldwide. GBPUSD accounted for 11.4% of the Foreign Exchange market volume in 2016. GBP/USD is a selection for scalpers and day-traders.
◙ Sessions Overlaps and Trading Activity:
The best time to trade GBPUSD, based on the average historic volatility, occurs between 08.00 GMT and 15.00 GMT {Eastern Time = GMT - 05:00}
◙ GBPUSD PERIODIC MOMENTUM
These are the average monthly returns of GBPUSD throughout the period 2000-2018.
◙ GBPUSD SEASONAL PATTERNS:
According to our data {2000-2018} these are the best months to trade GBPUSD:
BEST MONTHS FOR LONG TRADES (↑)
- APRIL, an excellent month to go long on GBPUSD, offering +1.30% average returns, times (16-3), and +0.56% momentum
RECENT 5 PERIODS: 4 bullish out of 5
RELIABILITY: a very reliable pattern, especially after 2004 (☆☆☆☆☆)
- JUNE, average returns +0.42%, times (12-7), and +0.56% momentum (a notable exception was the year 2016)
RECENT 5 PERIODS: 3 bullish out of 5
RELIABILITY: not a very reliable seasonal pattern (☆☆)
BEST MONTHS FOR SHORT TRADES (↓)
- FEBRUARY, average negative returns -1.02%, times (8-11), and -0.30% momentum
RECENT 5 PERIODS: 3 bearish out of 5
RELIABILITY: not a very reliable seasonal pattern (☆☆)
- MAY, average negative returns -0.57%, times (5-14), and -0.33% momentum
RECENT 5 PERIODS: 4 bearish out of 5
RELIABILITY: a considerably reliable seasonal pattern (☆☆☆☆)
- AUGUST, average negative returns -0.94%, times (6-13), and -0.62% momentum
RECENT 5 PERIODS: 4 bearish out of 5
RELIABILITY: a considerably reliable seasonal pattern (☆☆☆☆)
Chart: Combining the Monthly Returns (Blue Line) and the Monthly Momentum ΔMP (Orange Area) for USDJPY → What is ΔΜΠ?
The full statistics of the pair are presented in the book (licensed by G. Protonotarios): ► The Hidden Patterns Behind 15 Forex Pairs: Revealing Momentum and Seasonal Patterns Based on 18.5 Years of Daily Exchange Rates
◙ CORRELATIONS:
- 5-YEARS GBPUSD CORRELATIONS:
Based on 5 years of daily data (2014-2018), these are the major GBPUSD correlations:
(+) MAJOR POSITIVE CORRELATIONS:
- EURUSD (☆☆☆)
- EURCHF (☆☆)
- AUDUSD (☆☆)
- EURNZD (☆)
(-) MAJOR NEGATIVE CORRELATIONS:
- USDJPY (☆☆☆☆)
- EURJPY (☆☆☆☆)
- GBPJPY (☆☆☆☆)
- USDCHF (☆☆)
◙ GBPUSD HISTORICAL SUPPORT & RESISTANCE LEVELS
The following GBPUSD crucial Support & Resistance levels are deriving from historical data during the trading period starting 1991 and ending May 2013. These numbers are historical High & Lows and they don’t involve the corresponding trendlines (/) or (\):
> Press Tab to Reveal GBPUSD Statistics
Table: CRUCIAL GBPUSD LEVELS 1991-2013 LEVEL EFFECT EXPLANATION YEAR 2.1161 VERY STRONG ALL-PERIOD HIGH 2007 2.0670 AVERAGE+ PERIODIC HIGH 2007 2.0379 AVERAGE PERIODIC HIGH 2011 2.0050 AVERAGE- PERIODIC HIGH 1991 1.9846-1.9970 AVERAGE+ PERIODIC HIGH Several Years 1.9554 WEAK PERIODIC HIGH Several years 1.9155 AVERAGE PERIODIC HIGH 2004 1.8906 AVERAGE- PERIODIC HIGH-LOW 1990-1992 1.8774-1.8788 WEAK PERIODIC HIGH 2004 1.8687 WEAK- PERIODIC HIGH 2008 1.7610 WEAK- PERIODIC HIGH-LOW Several years 1.7332 AVERAGE+ ALL-PERIOD PIVOT (-) 1.70406-1.70468 WEAK PERIODIC LOW-HIGH 2005-2009 1.6873 WEAK- PERIODIC HIGH 1991 1.6735-1.6737 AVERAGE PERIODIC HIGH-LOW Several years 1.6617-1.6694 AVERAGE PERIODIC HIGH Several years 1.65848 WEAK PERIODIC HIGH 2011 1.6294-1.6353 AVERAGE- PERIODIC HIGH Several Years 1.5908 WEAK PERIODIC LOW 1996 1.5345-1.5350 WEAK PERIODIC LOW Several years 1.5265-1.5270 WEAK+ PERIODIC LOW Several years 1.4830-1.4890 AVERAGE- PERIODIC LOW Several Years 1.4540 WEAK PERIODIC LOW 1993-1994 1.4236-1.4251 WEAK+ PERIODIC LOW 2010 1.4040-14075 AVERAGE- PERIODIC HIGH 1992 1.3688-1.3690 AVERAGE- PERIODIC LOW 2001-2009 1.3503 VERY STRONG ALL-PERIOD LOW Source: TradingCenter.org Important Note: GBPUSD table data corresponds to daily prices during the period August 1991-May 2013.
2009
◙ GBPUSD OTHER STATISTICS (2 of the 4 last digits)
The following table can help day-traders to increase their probabilities in placing the optimal Take Profit and Stop-Loss orders. Table: GBPUSD Last Two of Four Digits Historical Frequency (Daily Collected Data 2001-2013) Source: TradingCenter.org
HIGH PRICE
LOW PRICE
CLOSE PRICE
OPEN PRICE
LAST DIGIT
TIMES
%
LAST DIGIT
TIMES
%
LAST DIGIT
TIMES
%
LAST DIGIT
TIMES
%
0
27
1.20%
0
26
1.16%
0
13
0.57%
0
25
1.09%
1
11
0.49%
1
25
1.11%
1
21
0.92%
1
16
0.70%
2
24
1.06%
2
29
1.29%
2
16
0.70%
2
27
1.18%
3
13
0.58%
3
26
1.16%
3
26
1.14%
3
20
0.87%
4
21
0.93%
4
30
1.34%
4
21
0.92%
4
20
0.87%
5
17
0.75%
5
20
0.89%
5
18
0.79%
5
15
0.65%
6
18
0.80%
6
26
1.16%
6
23
1.01%
6
25
1.09%
7
18
0.80%
7
16
0.71%
7
32
1.41%
7
17
0.74%
8
13
0.58%
8
25
1.11%
8
21
0.92%
8
22
0.96%
9
24
1.06%
9
18
0.80%
9
23
1.01%
9
33
1.44%
10
20
0.89%
10
26
1.16%
10
34
1.49%
10
27
1.18%
11
24
1.06%
11
24
1.07%
11
20
0.88%
11
36
1.57%
12
16
0.71%
12
21
0.93%
12
21
0.92%
12
19
0.83%
13
23
1.02%
13
32
1.42%
13
30
1.32%
13
22
0.96%
14
22
0.97%
14
21
0.93%
14
27
1.19%
14
19
0.83%
15
16
0.71%
15
31
1.38%
15
17
0.75%
15
33
1.44%
16
27
1.20%
16
20
0.89%
16
29
1.27%
16
16
0.70%
17
14
0.62%
17
20
0.89%
17
25
1.10%
17
25
1.09%
18
28
1.24%
18
27
1.20%
18
24
1.05%
18
20
0.87%
19
18
0.80%
19
22
0.98%
19
20
0.88%
19
21
0.92%
20
27
1.20%
20
23
1.02%
20
20
0.88%
20
26
1.13%
21
23
1.02%
21
19
0.85%
21
23
1.01%
21
16
0.70%
22
26
1.15%
22
23
1.02%
22
23
1.01%
22
23
1.00%
23
23
1.02%
23
21
0.93%
23
17
0.75%
23
25
1.09%
24
16
0.71%
24
33
1.47%
24
19
0.83%
24
21
0.92%
25
19
0.84%
25
31
1.38%
25
22
0.97%
25
22
0.96%
26
29
1.28%
26
27
1.20%
26
26
1.14%
26
20
0.87%
27
22
0.97%
27
13
0.58%
27
26
1.14%
27
25
1.09%
28
15
0.66%
28
27
1.20%
28
33
1.45%
28
28
1.22%
29
24
1.06%
29
25
1.11%
29
23
1.01%
29
27
1.18%
30
21
0.93%
30
33
1.47%
30
24
1.05%
30
25
1.09%
31
24
1.06%
31
30
1.34%
31
21
0.92%
31
24
1.05%
32
21
0.93%
32
18
0.80%
32
25
1.10%
32
38
1.66%
33
20
0.89%
33
28
1.25%
33
26
1.14%
33
17
0.74%
34
19
0.84%
34
25
1.11%
34
26
1.14%
34
31
1.35%
35
14
0.62%
35
22
0.98%
35
23
1.01%
35
15
0.65%
36
23
1.02%
36
16
0.71%
36
20
0.88%
36
23
1.00%
37
17
0.75%
37
17
0.76%
37
20
0.88%
37
25
1.09%
38
21
0.93%
38
21
0.93%
38
30
1.32%
38
18
0.79%
39
31
1.37%
39
25
1.11%
39
24
1.05%
39
24
1.05%
40
24
1.06%
40
20
0.89%
40
21
0.92%
40
28
1.22%
41
39
1.73%
41
18
0.80%
41
23
1.01%
41
23
1.00%
42
32
1.42%
42
20
0.89%
42
27
1.19%
42
29
1.27%
43
27
1.20%
43
21
0.93%
43
24
1.05%
43
26
1.13%
44
27
1.20%
44
26
1.16%
44
20
0.88%
44
31
1.35%
45
27
1.20%
45
17
0.76%
45
28
1.23%
45
21
0.92%
46
31
1.37%
46
23
1.02%
46
37
1.63%
46
33
1.44%
47
24
1.06%
47
17
0.76%
47
27
1.19%
47
19
0.83%
48
21
0.93%
48
20
0.89%
48
20
0.88%
48
25
1.09%
49
22
0.97%
49
32
1.42%
49
20
0.88%
49
25
1.09%
50
27
1.20%
50
21
0.93%
50
17
0.75%
50
18
0.79%
51
27
1.20%
51
22
0.98%
51
21
0.92%
51
26
1.13%
52
15
0.66%
52
30
1.34%
52
25
1.10%
52
17
0.74%
53
20
0.89%
53
27
1.20%
53
24
1.05%
53
31
1.35%
54
14
0.62%
54
32
1.42%
54
21
0.92%
54
26
1.13%
55
22
0.97%
55
21
0.93%
55
20
0.88%
55
21
0.92%
56
23
1.02%
56
18
0.80%
56
21
0.92%
56
18
0.79%
57
15
0.66%
57
19
0.85%
57
19
0.83%
57
20
0.87%
58
24
1.06%
58
19
0.85%
58
27
1.19%
58
21
0.92%
59
25
1.11%
59
20
0.89%
59
22
0.97%
59
24
1.05%
60
26
1.15%
60
35
1.56%
60
31
1.36%
60
26
1.13%
61
22
0.97%
61
26
1.16%
61
32
1.41%
61
28
1.22%
62
21
0.93%
62
22
0.98%
62
25
1.10%
62
24
1.05%
63
24
1.06%
63
22
0.98%
63
23
1.01%
63
25
1.09%
64
23
1.02%
64
29
1.29%
64
18
0.79%
64
23
1.00%
65
30
1.33%
65
23
1.02%
65
19
0.83%
65
18
0.79%
66
30
1.33%
66
24
1.07%
66
27
1.19%
66
24
1.05%
67
26
1.15%
67
10
0.45%
67
23
1.01%
67
24
1.05%
68
18
0.80%
68
18
0.80%
68
24
1.05%
68
26
1.13%
69
17
0.75%
69
21
0.93%
69
15
0.66%
69
26
1.13%
70
19
0.84%
70
21
0.93%
70
20
0.88%
70
20
0.87%
71
20
0.89%
71
21
0.93%
71
23
1.01%
71
18
0.79%
72
33
1.46%
72
25
1.11%
72
22
0.97%
72
20
0.87%
73
17
0.75%
73
21
0.93%
73
25
1.10%
73
26
1.13%
74
29
1.28%
74
27
1.20%
74
23
1.01%
74
20
0.87%
75
24
1.06%
75
23
1.02%
75
25
1.10%
75
28
1.22%
76
27
1.20%
76
26
1.16%
76
33
1.45%
76
20
0.87%
77
25
1.11%
77
15
0.67%
77
25
1.10%
77
30
1.31%
78
25
1.11%
78
20
0.89%
78
23
1.01%
78
23
1.00%
79
19
0.84%
79
28
1.25%
79
21
0.92%
79
19
0.83%
80
24
1.06%
80
24
1.07%
80
26
1.14%
80
15
0.65%
81
26
1.15%
81
24
1.07%
81
23
1.01%
81
21
0.92%
82
32
1.42%
82
23
1.02%
82
18
0.79%
82
22
0.96%
83
21
0.93%
83
22
0.98%
83
17
0.75%
83
24
1.05%
84
27
1.20%
84
25
1.11%
84
18
0.79%
84
23
1.00%
85
21
0.93%
85
18
0.80%
85
28
1.23%
85
27
1.18%
86
27
1.20%
86
18
0.80%
86
25
1.10%
86
25
1.09%
87
18
0.80%
87
27
1.20%
87
25
1.10%
87
19
0.83%
88
26
1.15%
88
21
0.93%
88
20
0.88%
88
15
0.65%
89
20
0.89%
89
16
0.71%
89
17
0.75%
89
20
0.87%
90
24
1.06%
90
20
0.89%
90
18
0.79%
90
22
0.96%
91
22
0.97%
91
22
0.98%
91
23
1.01%
91
25
1.09%
92
20
0.89%
92
21
0.93%
92
20
0.88%
92
27
1.18%
93
30
1.33%
93
14
0.62%
93
19
0.83%
93
22
0.96%
94
23
1.02%
94
19
0.85%
94
23
1.01%
94
21
0.92%
95
36
1.59%
95
21
0.93%
95
26
1.14%
95
25
1.09%
96
23
1.02%
96
14
0.62%
96
29
1.27%
96
17
0.74%
97
22
0.97%
97
16
0.71%
97
13
0.57%
97
22
0.96%
98
27
1.20%
98
19
0.85%
98
15
0.66%
98
19
0.83%
99
20
0.89%
99
29
1.29%
99
22
0.97%
99
15
0.65%
◘ GBPUSD Central Banks
| » Bank of England |
◘ COMPARE GBPUSD BROKERS & TRADING TERMS
In the following table, you may find a basic comparison of GBPUSD (regulated) Forex Brokers.
Table: Compare Forex Trading Cost & Slippage on GBP/USD
|
GBPUSD FOREX BROKER |
 |
|
 |
|
|
□ GBPUSD SPREAD |
1.5 pip on GBPUSD (without trading commissions) |
0.23 pip on GBPUSD |
0.57 pip on GBPUSD |
0.7 pip on GBPUSD |
|
□ TRADING COMMISSIONS |
NO |
YES $7/full traded lot |
YES $7/full traded lot |
YES $7/full traded lot |
|
□ PLATFORMS |
MT4/MT5 RStocks Trader |
MT4/MT5 Ctrader |
MT4/MT5 |
MT4/MT5 |
|
□ AUTO-TRADING |
Fully Allowed Free VPS |
Fully Allowed
Free VPS |
Fully Allowed Free VPS NY4 and LD5 IBX Equinix |
Fully Allowed |
|
□ REGULATION |
|
|
|
|
|
□ ACCOUNT INFO |
35 Forex pairs Min. Deposit: 200 USD Funding Methods: Cards | Bank Wire | Skrill PerfectMoney | Neteller » Review RoboForex |
65 Forex pairs Min. Deposit: 200 USD Funding Methods: Credit Cards | Bank Wire Skrill | PayPal | Neteller |
61 Forex pairs Min. Deposit: 200 USD Funding Methods: Credit Cards | Bank Wire Skrill | UnionPay | Neteller |
65 Forex pairs Min. Deposit: 100 USD Funding Methods: Credit Cards | Bank Wire UnionPay | Neteller |
|
□ WEBSITE
|
» IC Trading Website |
◘ GBPUSD Technical Analysis & Report
Giorgos Protonotarios,
Copyright © Trading Center
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