The Greedy Trader Weekly Analysis
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- 10/2/2026 -
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CurrencyShares British Pound Sterling Tr (FXB) Technical Analysis

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Summary:
Weekly :Williams' Percentage Range is oversoldBroken trend support line
Daily :Lane's Stochastic oversoldWilliams' Percentage Range is strongly oversoldLane's Stochastic and MACD bullish divergenceA Parabolic SAR indicator is below and near the price
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It was the negative week for the CurrencyShares British Pound Sterling Tr (FXB). During the week, the FXB gave back -0.31 points, or -0.24%, and closed at 127.25 on Friday, October 2, 2026. Weekly volume was 9% above average.

Long-term trend: [See FXB long-term trend chart]
A long-term uptrend had started on September 28, 2022 at 102.20 and reached 133.11 on January 29, 2026. FXB gained -30.91 points, or -30.24%, in 174 weeks. The chart has formed a Rising Wedge chart pattern. The uptrend support line (129.29) is broken. Usually a broken support is considered to be a long-term bearish signal, but since daily indicators are oversold a short-term pull back is possible. FXB may retest the broken support line. It is considered to be a resistance line now. Use the following links to access Trend Support/Resistance Help, or use the Technical Stock Screener to see the list of stocks with broken trend support in a long-term trend.

Medium-term trend: [See FXB medium-term trend chart]
A medium-term downtrend had started on August 25, 2026 at 131.37 and reached 126.74 on October 1, 2026. FXB lost 4.63 points, or 3.52%, in 5 weeks. The price is now at the 11.02% retracement level.

Weekly Technical Indicators: [See FXB weekly technical indicators chart]
Weekly Williams' Percentage Range is oversold. Use the Technical Stock Screener to see the list of stocks with weekly oversold Williams' Percentage Range. Oscillators are designed to signal a possible trend reversal. They can act as alerts and should be taken in conjunction with other technical analysis tools. Oscillators can be used to confirm other technical signals. Use the following link to access Williams' Percentage Range help.

The weekly MACD line is below its signal line since September 18, 2026. This is an indication that the medium-term trend is down. The distance between MACD and the signal line is low, but getting bigger. It indicates that the current medium-term downtrend is getting stronger. Use the following link to access a MACD help.

Short-term trend: [See FXB short-term trend chart]
A short-term downtrend had started on September 30, 2026 at 127.87 and reached 126.74 on October 1, 2026. FXB lost 1.13 points, or 0.88%, in 1 days. The price is now at the 45.13% retracement level.

Daily Technical Indicators: [See FXB daily technical indicators chart]
Daily Lane's Stochastic is oversold while Williams' Percentage Range is strongly oversold. Use the Technical Stock Screener to see the list of stocks with oversold daily Lane's Stochastic or strongly oversold daily Williams' Percentage Range. Daily Lane's Stochastic and MACD have bullish divergence. Use the following links to access the Lane's Stochastic and MACD help, or use the Technical Stock Screener to see the list of stocks with daily Lane's Stochastic and MACD bullish divergence. The divergence between price and indicator is considering one of the most important buy/sell stocks trading signal. Use the following link to access Lane's Stochastic help.

The daily MACD line is below its signal line since August 27, 2026. This is an indication that the short-term trend is down.

A Parabolic SAR (stop and reversal) indicator (127.97) comes close to the price (127.25). It indicates that the trend is getting weaker. A Parabolic SAR is used as a trailing stop loss for long or short positions. It works best during strong trending periods. Use the following links to access Parabolic SAR Help, or use the Technical Stock Screener to see the list of stocks with the Parabolic SAR close to the price level.

Daily Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 26.38
Williams' Percentage Range (W%R) 90.60
Strong Oversold
Lane's Stochastic (%D-Slow) 18.49
Oversold Bullish
Greed/Fear Indicator (GFI) 18.09
Oversold
Moving Average Converg./Diverg. (MACD) -0.57 Bullish
Weekly Oscillators
Description Value Status Divergence Chart
Relative Strength Index (RSI) 51.25
Williams' Percentage Range (W%R) 86.50
Oversold
Lane's Stochastic (%D-Slow) 43.97
Greed/Fear Indicator (GFI) 34.46
Moving Average Converg./Diverg. (MACD) 0.11
Trading Signals
Description Value Chart
Yearly Trendline Resistance 131.83
Upper Bollinger Band 130.59
50 Day Moving Average 129.31
Yearly Trendline Support 129.29
20 Day Moving Average 128.55
Weekly Stochastic Crossing 128.48
Parabolic System 127.97
Price 127.25
Daily Stochastic Crossing 126.95
Lower Bollinger Band 126.03
Sector and Industry
Description Name Rank
Sector
Industry
Daily Trend
Description Value
Direction Down
Chart Pattern DownTrend
High 127.87
High Date 09/30/2026
Low 126.74
Low Date 10/01/2026
Weekly Trend
Monthly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 127.87
High Date 09/30/2026
Low 126.74
Low Date 10/01/2026
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 130.36
High Date 09/09/2026
Low 126.74
Low Date 10/01/2026
Quarterly Trend
Yearly Trend
Description Value
Direction Down
Chart Pattern DownTrend
Status
Resistance
Support
High 131.37
High Date 08/25/2026
Low 126.74
Low Date 10/01/2026
Description Value
Direction Up
Chart Pattern Rising Wedge
Status Broken Support
Resistance 131.83
Support 129.29
Low 102.20
Low Date 09/28/2022
High 133.11
High Date 01/29/2026
Warning: TheGreedyTrader.com presents weekly analysis. Technical indicators and trend parameters are calculated for the close of business day indicated on the top right corner of the screen.