GBP/USD is sidelined

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"U.S. policy makers are just kicking the can and we will have another showdown in January. Under such circumstances, it would be difficult for the Fed to reduce its stimulus."
- Praevidentia Strategy (based on Reuters)


Pair's Outlook

GBP/USD remains flat—between the weekly and monthly pivot points. Still, the risks for the near term are skewed to the upside, since the main bullish factor for the currency pair—it stays above the up-trend line which has been in force since the beginning of July, is present at the moment. Additionally, the among the eight most popular technical indicators on a weekly time-frame five are currently bullish.

Traders' Sentiment
While the popularity of the U.S. Dollar is currently on the decline, there is a growing number of SWFX market participants believing the Great Britain Pound will manage to appreciate relative to the greenback, though such an idea is still shared by a minority—44% of the total.
© Dukascopy Bank SA

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