GBP/USD turns round to retest the 55-day SMA

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"This year, there has been a clear focus on protecting margins - there has been less knee- jerk discounting. Also, consumers are continuing to feel the pinch of hard economic conditions and are being much more careful about when and where they spend their money"
- BDO representative (based on Bloomberg)

Pair's Outlook
GBP/USD pair increased sharply yesterday, although has not reached any resistance level. Today the price has unexpectedly turned around and is depreciating towards a SMAs area at 1.6083/60, where the 55-day and 100-day SMA are located. It is very likely to see two scenarios today: the price will make a spike down and increase further at least till the 20-day SMA at 1.6163 or the pair will depreciate further, approving a bearish trend, and retest the 55-day SMA at 1.6060.

Traders' Sentiment
Investors to the Cable have cut their positions, as 33% of positions are long and 70% are short. Pending orders situation is slightly bullish, since 52% of orders are buy and 48% are sell.

© Dukascopy Bank SA
Back to articles

Actual Topics

Tue, 08 Jan 2013 08:45:52 GMT

USD/JPY fluctuates around the weekly PP at 87.49

USD/JPY has performed a notable decrease yesterday, as the price has slightly passed the weekly PP at 87.49. The major Asian currency pair remains in a bullish trend—above the 20-day and 55-day SMAs, but experiences an oversold situation - the RSI has slipped to 69. The closest support levels are at 86.58, the weekly S1, and the 20-day SMA at

Tue, 08 Jan 2013 08:45:37 GMT

EUR/USD breaches the monthly PP level at 1.3121

EUR/USD appreciated firmly during the week's first trading session, increasing to a 1.3121 level, where the monthly PP level intersects the weekly PP level. Currently, the price is consolidating and it is very likely to see a further appreciation till the 20-day SMA at 1.3173, as this level is usually reached after making a spike over the Bollinger band. The

Subscribe to "Fundamental Analysis" feed

Subscrever
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre as opções binárias do Dukascopy Bank / Plataforma de negociação Forex, SWFX e outras informações relacionadas com Trading,
ligue-nos ou faça-nos um pedido para ser contactado.
Para saber mais sobre a plataforma de negociação Dukascopy Bank CFD / Forex, SWFX e outras informações relacionadas com negociação,
por favor entre em contato conosco ou faça um pedido de retorno de chamada.
Para saber mais sobre a plataforma de Trading / Trading de Crypto/ CFD / SWFX e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para saber mais sobre o programa de Introdutor de Negócios e outras informações relacionadas à negociação,
ligue-nos ou faça-nos uma pedido para ser contactado.
Para obter mais informações sobre uma potencial cooperação,
ligue-nos ou faça-nos um pedido para ser contactado.