GBP/USD inclined to slide lower

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"If sterling is to surge, real news on interest-rate hikes is required. The Bank of England minutes seem to have reinforced the notion that rates will remain at record lows into next year."
- Nomura (based on Bloomberg)

Pair's Outlook

Given that that the Sterling has fallen beneath 1.65, there is a good chance that the bearish momentum has not yet been fully exhausted. In this case GBP/USD should soon leave the 100-day SMA behind and start moving towards the monthly S1. If this support is broken, regardless of the bullish longer-term technical studies, the 2012 highs at 1.63 are to become the next target.

Traders' Sentiment

The gap between the numbers of bullish (48%) and bearish (52%)market participants has narrowed even further since the last update, meaning the sentiment with respect to GBP/USD remains neutral. In the meantime, the percentage of buy orders increased—from 54% up to 61%.
© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 24 Mar 2014 07:25:14 GMT

USD/JPY fights 55-day SMA

As expected, before re-challenging the 55-day SMA, USD/JPY returned back to the support at 102.

Mon, 24 Mar 2014 07:24:58 GMT

EUR/USD finds support at 1.38

EUR/USD, despite its explicitly poor performance during the second part of the last week, seems to have stabilised at 1.38, namely at the major down-trend support line.

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.