GBP/USD stays between monthly R1 and weekly PP

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Although there were no major data releases last week, the confidence in the U.K.'s economic recovery is boosted by strong revival in the housing market and the falling unemployment rate."
- ICICI Bank (based on MarketWatch)

Pair's Outlook

GBP/USD seems to have lost its upward momentum following a test of the monthly R1. Nevertheless, as long as the Cable is underpinned by the January high at 1.6390/41 and the support zone at 1.6242/1.6199, formed by the monthly PP and the down-trend lines, the Sterling should continue to increase in value. The medium-term target in this case will be 1.6745/14.

Traders' Sentiment

The SWFX market participants stay strongly convinced that the Sterling is going to underperform relative tot the U.S. Dollar—72% of all open on GBP/USD positions are short. Among the pending orders on the pair, the portion of the buy ones near the spot price plunged 16 percentage points to 51%.
© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 31 Dec 2013 07:34:46 GMT

USD/JPY retreats to 104.92/61

"I think the yen still has quite a bit of weakness still to go."- Richard Harris, Port Shelter Investment Management (based on CNBC)Pair's OutlookProving to be unable to sustain at the moment a rally for straight six trading days USD/JPY underwent a bearish correction yesterday, which already appears to have ended at 104.92/61. Consequently, the price is now ready to

Tue, 31 Dec 2013 07:34:31 GMT

EUR/USD bashes against falling resistance line

EUR/USD launched yet another attack on the major down-trend line yesterday, but still stays contained by it and the resistance at 1.3831/28.

Subscribe to "Fundamental Analysis" feed

Subscribe
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
For further information regarding potential cooperation,
please call us or make callback request.
Aby dowiedzieć się więcej o Opcjach Binarnych w Banku Dukascopy / platformach handlowych Forex, SWFX, oraz innych,
zadzwoń do nas lub pozostaw prośbę o oddzwonienie.
Aby dowiedzieć się więcej o handlu Forex/CFD na platformie Dukascopy Banku, rynku SWFX oraz innych rzeczy związanych z handlem,
zadzwoń do nas lub poproś o oddzwonienie.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.