GBP/USD fails to overcome 1.6449/43

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"Hawkish comments from the Fed's Fisher and Plosser and a general sense that the Fed will look through the weak payrolls release and continue to taper its bond buying program helped to support the [dollar]."
- Scotiabank (based on MarketWatch)

Pair's Outlook

The Cable is at the moment eroding a key support, which may entail a massive sell-off. For the time being the area created by the rising line, monthly S1 and 2012 highs, among others, stands its ground, but seems to be likely to give in to the bearish pressure eventually, despite the bullish signals on the weekly time-frame. In this case the Sterling will first target 1.6218/01, then the 200-day SMA.

Traders' Sentiment

After a small dip GBP/USD is presently finding itself a perfect equilibrium, being that there is no difference neither between the numbers of long (51%) and short (49%) positions nor between the numbers of buy (49%) and sell (51%) orders (100 pips up and down from the current price).
© Dukascopy Bank SA
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Actual Topics

Thu, 16 Jan 2014 07:53:07 GMT

USD/CHF hits 0.9096/91

Yesterday USD/CHF pierced through a number of levels and reached an important resistance, namely 0.9096/91.

Thu, 16 Jan 2014 07:53:32 GMT

EUR/USD returns to up-trend

As expected, the support, created by the weekly PP and the 55-day SMA, proved to be unable to withstand the selling pressure, and the currency pair tripped to the long-term up-trend line.

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