GBP/USD steps lower

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The U.K. data seems to have knocked sterling but I'd be wary of further weakness. The hurdle for more QE is reasonably high"
- FxPro Group Ltd. (based on Bloomberg)

Pair's Outlook
Yesterday a positive performance of the cable has turned into a loss in the end of trading hours, as the price has reached a 1.5983 level. Today, the price shows positive sentiments and is slightly higher, but the current level does not provide any support, thus any appreciation is not sustainable. The further support level is situated at 1.5958, where the weekly and monthly S1 levels converge with the lower Bollinger line.

Traders' Sentiment
Bulls continue to strengthen their positions in GBP/USD pair, as long positions' amount in the SWFX market has increased by 3% since yesterday to 42%. Distribution of pending orders is around an equilibrium point, as 47% traders are place an order for a long position and 53% for a short.

© Dukascopy Bank SA
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Actual Topics

Tue, 06 Nov 2012 09:27:47 GMT

USD/JPY retreats from 80.50

As it was expected, USD/JPY pair turned into a correction after bouncing to 80.50 level. Currently, the currency pair is traded around a psychological level of 80.00, which is very important for this pair, as further direction depends on which side will the currency pair settle down. In case USD/JPY continues to depreciate, 80.63/53 level would be targeted next, as

Tue, 06 Nov 2012 09:27:33 GMT

EUR/USD slips below 1.2800

EUR/USD extends it negative performance and have already broken a 1-month low at 1.2803. Although the price moves very closely with the sharply decreasing Bollinger's lower line, yesterday's closing point is exactly on the monthly S1 level at 1.2799, therefore the major currency pair may experience a slight correction soon. However, a real support level should be met at 1.2752,

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