GBP/USD steps above the weekly R1 at 1.6244

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"The inflation numbers were a little bit of a non-event, MPC minutes and retail sales will be the focus this week, and if the minutes are on the dovish side ... we could see sterling more vulnerable"
- BMO Capital Markets (based on Reuters)

Pair's Outlook
GBP/USD pair demonstrates a rarely strong bullish momentum, as the price increases without bigger corrections for the second week. The currency pair overcame the weekly R1 at 1.6244 and steps even higher towards the weekly R2 at 1.6314. However, a potential appreciation in an upcoming sessions is not very likely, as technical indicators mean heavily overbought price - the RSI indicator has a value of 75 and the price is sharply above the daily Bollinger band.

Traders' Sentiment
The British Sterling recovers its positions, as the bullish side grew to 24% and the bearish side slipped to 76%. Placed orders segment increased its bearish sentiment even more, as 44% of orders are buy and 56% are sell.

© Dukascopy Bank SA
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Actual Topics

Wed, 19 Dec 2012 09:10:52 GMT

USD/JPY peaks a new high at 84.43

Bullish sentiments and expectations in USD/JPY pair lifted the price to a new high at 84.43, which is the highest level since April, 2012. After a weekend's gap the exchange rate slipped to the weekly R1 at 83.85, however, without closing a gap, reversed and increased further. The price shows significant expectations to receive a positive decision from the Bank

Wed, 19 Dec 2012 09:10:39 GMT

EUR/USD approaches 1.3258/73 resistance level

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