GBP/USD returns in the Bollinger bands' range

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"As we head for the ADP release, we may once again be surprised by the resilience of the U.S. economy. The market is likely anticipating that the supply side may eventually play catch-up after presumably delaying some activity due to the fiscal cliff risks"
- Societe Generale SA (based on Bloomberg)

Pair's Outlook

The Cable has experienced a very volatile session yesterday, as the price moved in a very wide range – more than 160 pips. GBP/USD made an up-side spike and returned back in the upper part of the Bollinger bands. Yesterday's high broke a recent high in December and even a high in September, though technical indicators have not reached any greater values, thus this currency pair faces a divergence, being is a strong sell signal.

Traders' Sentiment
GBP/USD pair experiences a significant extent of the bearish sentiments, as buy positions compound only 25% of all opened positions and the sell side has the majority – 75% of all positions. Pending orders segment remains neutral, since 48% of orders are buy and 52% 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.