GBP/USD keeps distance from the 200-day SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"With the U.K. being in Europe but outside of the euro zone, it offers this safe haven to some extent when you look at property prices and markets. That is one aspect that has been helping sterling"
- Pacific Investment Management Co. (based on Bloomberg)

Pair's Outlook
Yesterday GBP/USD pair touched the 200-day SMA, but closed slightly higher at 1.5874, therefore it is incorrect to say that the price tested the moving average properly and due to that holds a high probability of retesting this level. Since the pair is bounded by the moving averages: the 100-day SMA from above at 1.5930 and the 200-day SMA from the bottom at 1.5860, GBP/USD might experience a flat in this range, till sufficient impulse will be created.

Traders' Sentiment
Bulls have strong arguments regarding GBP/USD pair appreciation, as the buy side strengthens its positions to 59% and the sell side reached 41%. Placed orders segment is more balanced, since bullish orders consist 52% and bearish 48% .

© Dukascopy Bank SA
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Actual Topics

Wed, 14 Nov 2012 08:25:12 GMT

USD/JPY bounces up from the 200-day SMA at 79.45

Yesterday morning USD/JPY pair was reasonably below the 200-day SMA, but after the touch of the lower Bollinger line, the price retreated and closed exactly on the moving average at 79.46. Today, the price faces bullish sentiments and appreciates to 79.71, the weekly PP. The next support level will be the 20-day SMA at 79.86 and after that the currency

Wed, 14 Nov 2012 08:24:45 GMT

EUR/USD is traded around the 100-day SMA at 1.2705

Yesterday EUR/USD tried to breach the 100-day SMA at 1.2698, but the support level at 1.2693 was formidable enough to force the pair to pull back the price up. The last session closed just a few pips above the moving average and today the price moves slightly higher at 1.2720. However, as recently the 200-day SMA was broken so easily,

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