GBP/USD stays directionless

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"It doesn't make sense to be too long risk going into the [Fed] ... meeting."
- Commerzbank (based on Reuters)

Pair's Outlook

Just as many other currency pairs GBP/USD stays largely flat ahead of the potentially game-changing events. Right now the exchange rate is capped by the weekly PP at 1.6342/37 and underpinned by a cluster of supports at 1.6226/1.6179, which in turn includes the monthly PP and the major down-trend line among others. If the latter area is breached, then the dip may extend down to 1.6043/15 (monthly S1 and 100-day SMA).

Traders' Sentiment

The number of bullish with respect to the Sterling traders continues to grow at a fast pace. In all of the Pound's crosses, 39% of positions are long on it. The distribution between the bulls and bears in GBP/USD is 43% to 57% respectively (36% to 64% yesterday).
© Dukascopy Bank SA
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Actual Topics

Wed, 18 Dec 2013 07:32:58 GMT

USD/JPY falls beneath up-trend

Although the rising trend-line that secured an up-move failed to stay intact, the sell-off did not extend beyond the support at 102.66/30 and already all of the yesterday's losses have been erased.

Wed, 18 Dec 2013 07:32:43 GMT

EUR/USD closes in on 1.3831/00

EUR/USD continues to slowly grind higher, even though it is highly unlikely to pass through the nearest and at the same time one of the strongest resistances at 1.3831/00.

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