Prova la demo Apri un conto
Trading
CFD
Binarie
Cripto
Conto Corrente
B2B
Mercati
Chi siamo
Prova la demo Apri un conto

GBP/USD remains on the back foot

Note: This section contains information in English only.
Source: Dukascopy Bank SA
"The current movement is likely the early stages of a consolidation phase and GBP is expected to trade in a broad 1.2220/1.2450 range for now." 
– UOB Group (based on FXStreet)

Pair's Outlook 
[ANNOUNCE]The British Pound managed to outperform the American Dollar on Wednesday, not only climbing over the 1.23 mark, but also piercing the second resistance level.[/ANNOUNCE] The Cable, however, keeps gravitating towards the 1.23 level for a few weeks now; therefore, another leg down is expected. Consequently, the Sterling is likely to slump back under 1.23, with focus shifting to the second support level once again, namely the weekly S1. Overall, the 1.22 major level is the main target, where the given pair could receive sufficient support for a rebound or breach it and continue moving towards 1.21, where a tough demand area is located. Technical studies are unable to confirm this scenario. 

Traders' Sentiment 
Today 61% of traders are bulls, compared to 64% yesterday. At the same time, the share of buy orders dropped down from 62 to 47%.
Back to articles

Actual Topics

05 Jan 2017

Bears push USD/JPY below 116.00

"Some people say the 'Trump rally' has come to an end already. Others say the real rally will begin after he will take office. It's not clear what the market's next theme will be." – Societe Generale (based on Reuters) Pair's Outlook [ANNOUNCE]Even though the USD/JPY currency pair weakened on Wednesday, it still remained within its weekly trading range, namely between 117.00 and

05 Jan 2017

EUR/USD overshoots Thursday morning

"A composite Purchasing Managers' Index climbed to 54.4 in December from 53.9 in November, IHS Markit said on Wednesday." – Carolynn Look (Based on Bloomberg) Pair's Outlook [ANNOUNCE]EUR/USD topped expectations and is now attempting to conclusively break the upper boundary of the ascending channel pattern on the hourly chart.[/ANNOUNCE] The pair managed to dash through resistances at 1.0505 and 1.0513 before overstepping the

04 Jan 2017

NZD/USD edges higher on risk-appetite

"The US dollar is still in its uptrend, and as long as that remains so, the kiwi will be range-bound or lower." - Westpac Banking Corp (based on New Zealand Herald) Pair's Outlook [ANNOUNCE]The New Zealand Dollar experienced rather strong volatility on Tuesday, but was unable to climb over the immediate resistance, which resulted in the NZD/USD pair stabilising with a small decline.[/ANNOUNCE]