GBP/USD gains bullish momentum

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"This is a typical risk-on market, where the yen and dollar are sold. The cliff is behind us for now"
- Loyds Bank (based on Bloomberg)

Pair's Outlook

The Cable sharply appreciated in the last two trading sessions, as the price broke a 16-month high and topped at 1.6380. The upside movement was stopped by the Bollinger band, as the currency pair exchange rate exceeds the Bollinger value around 100 pips in a daily graph. Also, the RSI indicator has already a value of 71, thus bearish positions might be risky.

Traders' Sentiment
Bulls' side recovers and retrieves control in SWFX market, since the buy side reached 76% and the sell side shrunk till 24%. Pending orders' segment still remains bearish, as 42% of placed orders are buy and 58% are sell.
© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Souscrire
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Dukascopy Bank CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.