GBP/USD gains for fifth consecutive day

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"We expect Fed policy makers to look through the noise of the disappointing weather-affected December payrolls outturn. Our long-held view that the USD is on a modest multi-year uptrend remains."
- Commonwealth Bank of Australia (based on Bloomberg)

Pair's Outlook

GBP/USD closed yet another day in green by breaching the weekly R2 at 1.6609. Accordingly, there is a good chance the currency pair will move towards 1.6712/1.6679 next, the area that should provide more resistance than its predecessors, since it is reinforced by the long-term up-trend. Additional supply is supposed to be near the monthly R2 at 1.6809.

Traders' Sentiment

While EUR/USD traders were reluctant to alter their positioning, the Sterling was sold with much more enthusiasm—the percentage of short positions soared from 64% up to 73%. Speaking of orders placed on the Cable within 100 pips from the spot, the amounts of buy and sell ones are still equal.
© Dukascopy Bank SA
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Actual Topics

Fri, 24 Jan 2014 07:50:20 GMT

USD/JPY pierced through 104.29/00

A seemingly reliable support, consisting of the monthly PP and the 2013 highs, failed to keep USD/JPY afloat and let the sell-off to push the price through 104.29/00.

Fri, 24 Jan 2014 07:50:08 GMT

EUR/USD up by 150 pips

Instead of continuing its descent from the major down-trend line towards the 200-day SMA, as expected, EUR/USD ballooned up to the monthly pivot point.

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