GBP/USD: Current outlook for January 16, 2013

January 18, 2013
The pair is trading below the 1.6000-1.6060 support-turned-resistance area, which contains the 50-Day SMA and the 100-Day SMA, so we see the risks of additional setbacks towards the 200-Day SMA by 1.5900 or the 1.5750 support. Only a break back above the 1.6000-1.6060 area would negate this scenario and open a fresh upside extension towards the 1.6300 level, with a break and consolidation above to confirm the medium-term upside run towards the 1.6750 high.
Publication source
Admiral Markets information  Admiral Markets reviews

September 23, 2016
Gold rises to critical level on lower-for-longer policy signals
The price of gold extended its rebound modestly on Thursday after the US Federal Reserve provided some key signals on Wednesday that, despite a considerable probability of one Fed rate hike by the end of this year...
September 22, 2016
Moving on from the Fed
The reaction seen in currency markets yesterday to respective central bank policy decisions was instructive of the change in dynamics that we’re seeing. The BoJ enacted a number of changes to its policy regime...
September 21, 2016
Bank of Japan runs out of road
The Bank of Japan delivered a whole heap of nothing at its policy meeting today, although some adjustments were made to its policy framework. If you take the time to read through these measures, then the impression is of a central bank that has largely lost the monetary plot...

FXCM Rating
Vantage FX Rating
HYCM Rating
XM Rating
Tickmill Rating
OANDA Rating

Binary Brokerz Rating
24option Rating
Beeoptions Rating
OptionTrade Rating
Grand Option Rating
Empire Option Rating