GBP/USD stops at 1.5898/50

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Interest-rate expectations are going to be pared back after the inflation data. This has put sterling on the back foot. Mr. Carney must be smiling. He hasn't had anything going his way for a long time."
- HSBC Holdings Plc (based on Bloomberg)

Pair's Outlook

Because of the strongly bearish for the Sterling fundamentals the support line at 1.5950 was violated yesterday. However, the demand area at 1.5898/50, consisting of the weekly and monthly S1 levels, managed to limit the losses. Eventually, this zone also should be eroded, since the currency pair is moving en route to the 200-day SMA at 1.5550.

Traders' Sentiment
The level of Pound's popularity in the SWFX marketplace has been on the rise since the last report. While yesterday only 31% of positions in Sterling crosses were long on the currency, today this portion is seven percentage points higher—38%. Accordingly, the sentiment towards GBP/USD has become less bearish, now 64% of traders are short on the currency pair (70% were short yesterday).
© Dukascopy Bank SA
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Actual Topics

Wed, 13 Nov 2013 08:01:08 GMT

USD/JPY's daily indicators became mixed

The short-term prospects of USD/JPY are now somewhat clouded, being that some of the daily technical studies turned bearish ahead of the resistance at 99.87/76, even though it is formed only by the weekly R1 and the Bollinger band.

Wed, 13 Nov 2013 07:53:29 GMT

EUR/USD extends retracement

A combination of the monthly S1 and the 100-day SMA did not prove to be as strong as initially estimated—EUR/USD is already probing the August high at 1.3451.

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