GBP/USD pauses a rally

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Right now, the risk-positive aspect is the view that it's going to be a short shutdown and the [Federal Reserve], out of an excess of caution, is going to delay tapering."
- Citi (based on MarketWatch)

Pair's Outlook

The Cable is currently coming off a new high at 1.6261, as the pair approached an up-trend resistance line that represents an upper boundary of the rising channel. The Sterling may be supported by 1.6098, but will not change the bias to negative even if it slides down to 1.5882, where the lower boundary of the pattern is found at the moment.

Traders' Sentiment
The confidence of SWFX traders that the Pound is unable to continue outperforming the greenback persists, but is pronounced to a significantly lesser degree than yesterday, when 74% of positions on GBP/USD were short. Today the bears take up 69% of the market.
© Dukascopy Bank SA
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Actual Topics

Wed, 02 Oct 2013 07:06:37 GMT

USD/JPY takes a step back

Following a test of the formidable resistance area formed by the 55 and 100-day SMAs, USD/JPY gave in to the bearish sentiments and as a result, is eroding the 200-day SMA at 97.90.

Wed, 02 Oct 2013 07:06:22 GMT

EUR/USD denied by 1.3568/52

EUR/USD did not manage to gain a foothold above 1.3568/52 yesterday, but nonetheless remains bullish, being that none of the nearest supports were violated when the currency pair started to retreat after attaining a new high.

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