GBP/USD comes under pressure ahead of 1.5922

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The market has concluded Bernanke was relatively dovish and is now beginning to price in a higher chance of QE"
- Deutsche Bank (based on Reuters)

Pair's Outlook

The cable's endeavour to recover has once again failed ahead of resistance at 1.5922, supposedly sending it to an initial support level at 1.5837, although given the results of previous attempts, the dip may extend down to 1.5780/55, prior to a consolidation phase. Moreover, majority of weekly and monthly studies expect bearish scenario to unfold.

Traders' Sentiment
The gap between the shares of bullish and bearish traders has increased relatively to the data last Friday, since the portion of long positions has diminished to 32%, whereas the percentage of long ones has grown up to 68%. Nevertheless, buy orders (57%) exceed sell orders (43%).

© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (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.