A roundup of technical insight and views from the forex spread betting and forex trading industry.

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Those looking at spread betting the British Pound should note that the Pound has declined moderately this morning, after a report from the Nationwide Building Society showed that UK house prices fell in July for the first time in five months, as tighter lending conditions and government cuts slow the economy and deter first-time buyers. The average cost of a home in the UK fell 0.5% from June, but prices are still up 6.6% from this stage last year.

"On technical grounds, the Pound's ability to hold above the 200-day moving average was also an important element, with a challenge on technical levels above $1.5620 before a limited correction," says Adam Solomon at forex brokers Tor FX.

Easy Forex, providers of forex trading solutions, say, "The GBP USD pivot point is at 1.5565 with a preference to enter Long positions 1.5565."  

Delta Index, the forex spread betting firm, points out that EUR GBP charts have seen a MACD Crossover.

"Signal: Sell @ 8334, Stop 8466, Initial target 8073," say Delta.

Forex Metal Traders, the online forex trading company, provides some technical pointers on the EUR USD:

"The pair is aiming to the second level of Fibonacci retracement of 38.2% at 1.31133, if 1.30277 is broken. Resistance is at 1.30277, 1.32285, 1.34334 while support is at 1.28630, 1.27009, 1.25690.

Easy Forex say the EUR USD pivot point is at 1.2965 with a preference to enter into Long positions at 1.2965

Delta Index also flag up the EUR CAD.

The pair has witnessed a MACD Crossover, which according to Delta signals a sell at 13488 with spread betting players encouraged to place a stop at 13523 while setting an initial target 13440.