GBP/USD continues a bearish move

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
After GBP/USD consolidated during Friday's session just before the monthly S1 level at 1.6060, today the price continues its journey south. The cable moves along the lower Bollinger band and breaches the 55-day SMA at 1.6056 level. If the price settles beneath it, it is very likely to see a continuation of a bearish trend. The closest support levels are at 1.5923, the weekly S1, and at 1.5879/72, where the monthly S2 intersects with the 200-day SMA.

Traders' Sentiment
Distribution of the cable's traders remains unchanged, since 33% of positions are buy and 67% are sell. Pending orders segment is bullish, as 59% of orders are buy and 41% are sell.

© Dukascopy Bank SA
Back to articles

Actual Topics

Mon, 07 Jan 2013 09:07:54 GMT

USD/CHF consolidates around the upper Bollinger band

USD/CHF consolidates around the upper Bollinger band at 0.9267. The price was appreciating very rapidly throughout the last week, thus technical indicators suggested occurrence of a correction. Currently, the price appreciates further and the next important resistance level will be at 0.9288, where the 55-day SMA is situated. Settlement above this level would be a signal for a buy position,

Mon, 07 Jan 2013 09:07:42 GMT

EUR/USD retests an up-side resistance at 1.3034

EUR/USD rebounded from an upside resistance at a 1.3020 level on Friday, as the pair was sharply lower than the Bollinger band. Today, the major currency pair continues a down-side movement drifting along with the Bollinger line and retesting an upside resistance at a 1.3034 level. If a breakout is successful, the closest support levels will be at 1.2996/82, where

Subscribe to "Fundamental Analysis" feed

Suscribir
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.
Para obtener más información sobre las opciones binarias de Dukascopy Bank / La plataforma de operaciones de Forex, SWFX y otra información relacionada con el Trading, por favor llámenos o solicite una devolución de llamada.
Para conocer más sobre la plataforma de Trading de CFD y Forex de Dukascopy Bank, SWFX y otras informaciones relacionadas con el Trading,
llámenos o haga una solicitud de devolución de llamada.
Para obtener más información acerca de la plataforma de operaciones Crypto Trading / CFD / Forex, SWFX y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre Business Introducer y otra información relacionada con el comercio,
llámenos o realice una solicitud de devolución de llamada.
Para obtener más información sobre la posible cooperación, por favor llámenos o haga una solicitud de devolución de llamada.