GBPUSD

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

2009

Source: TradingCenter.org

Important Note: GBPUSD table data corresponds to daily prices during the period August 1991-May 2013.

 

◙ 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)

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%

Source: TradingCenter.org

 

◘ GBPUSD Central Banks

» Bank of England

» US Federal Reserve

 

◘ GBPUSD Technical Analysis & Report

Giorgos Protonotarios,

Copyright © Trading Center

 

L MORE PAIRS

• PAIRS

» EURUSD » GBPUSD » USDJPY » USDCHF » USDCAD » AUDUSD
  » NZDUSD » EURJPY » EURCHF » EURNZD » EURAUD » EURCAD
  » EURGBP » GBPJPY » GBPCHF      

• COMPARE

Forex Brokers Comparison Expert Advisors (EAs) Fx Seasonality Calendar      

Pin It

About TradingCenter

TradingCenter provides essential information and tools for learning and trading the Global Financial Markets. TradingCenter helps investors to improve their skills and their level of understanding regarding core mechanisms of the trading process.

© (2012-2019) TradingCenter.org by Qexpert.com

Search