Don’t waste your time – keep track of how NFP affects the US dollar!

Data collection notice

FBS maintains a record of your data to run this website. By pressing the “Accept” button, you agree to our Privacy policy.

Follow us on Facebook

Beginner Forex book

Beginner Forex book will guide you through the world of trading.

The most important things to start trading
Enter your e-mail, and we will send you a free Beginner Forex book

Thank you!

We've emailed a special link to your e-mail.
Click the link to confirm your address and get Beginner Forex book for free.

FBS Mobile Personal Area

FREE - In Google Play

GBP/USD: bearish “Crab” pattern

GBP/USD: bearish “Crab” pattern

Information is not investment advice

On the D1 chart of GBP/USD the price action conforms to the bearish “Crab” pattern. Currently the market is trying to find the point D. The difficulty with harmonic pattern is that it provides a potential range of reversal and not the exact level. For GBP/USD, this range is between 1.2650 and 1.2760.

Notice that the pair came to the resistance of the 200-day MA and the previous highs around 1.2660. On the H4, there’s bearish divergence. As a result, the pair may test support of the short-term channel around 1.2570. The next levels to watch on the downside will be 1.2520 and 1.2425.


GBP/USD will fall if the US Nonfarm payrolls are better than expected.

Trade ideas for GBP/USD

SELL 1.2625; TP 1.2580; SL 1.2640

SELL 1.2550; TP1 1.2530; TP2 1.2430; SL 1.2565




EUR/JPY: on the way up

EUR/JPY is likely to move further within an uptrend. Look for the break out above 121.55!

NZD/USD: is the correction over?

Last week NZD/USD once again met resistance in the 0.6155 area. As you can see from the chart, this area stopped the pair twice before within the recent month.


Choose your payment system

Learn more