Dukascopy - Analytics

    Dukascopy

    472.75 6.25/10
    83% of positive reviews
    Real

    GBP/USD skyrockets

    © Dukascopy Bank SA
    "Developments leave us feeling more comfortable with our official call for the first rate hike being in September."
    - RBS (based on CNBC)

    Pair's Outlook
    The Sterling failed to meet expectations; it appreciated versus the US Dollar on Wednesday as a result of a dovish rhetoric of the FOMC. The pair got to test the resistance cluster around 1.5180, while the trading session ended at 1.4977. In spite of the rally, the technical indicators are pointing directly south, implying a forthcoming decline will erase yesterday's gains. The pair is likely to reach the 2013 low once again and close beneath it. 

    Traders' Sentiment
    The perfectly neutral sentiment has been disrupted, as longs are now in a majority and account for 52% of all positions. The amount of commands to purchase the Pound soared; 78% of orders in the 100-pip range are to buy the Pound.

    © Dukascopy Bank SA

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