GBP/USD: prospects are not bright

January 21, 2013

GBP/USD tested $1.5842 today and then returned to $1.5890 recoiling up from strong support. Yet, experts say it may be just a ‘dead cat’s bounce’ – a short jump ahead of further decline. The most sensible strategy seems to be selling on sterling’s attempts to recover and it may be kept in place as long as pound’s trading below $1.6000.    

Resistance: $1.5900, $1.5930 (55-, 100-week EMA), $1.5950 (200-day EMA), $1.6000. 

Support: $1.5830, $1.5800, $1.5750.

Publication source
FBS information  FBS reviews

September 29, 2016
Will Brexit be more painful for Europe rather than for the UK?
The risk is increasing on the market ahead OPEC meeting in Algiers and Yellen testimonial, which will happen before the House panel. FED-fueled rally on gold starts to fizzle out as the December futures keep on a losing streak for a second day, finally dipping by 0.12% to 1,328.75...
September 28, 2016
US presidential debate moves unwind
The market’s initial response to the US presidential election debate overnight was a clear sigh of relief. The Mexican Peso, which had hit a record low against the dollar just the day before, surged higher, as too did the Canadian dollar...
September 27, 2016
Markets start last week of September on the back foot
It hasn't been a great start for global equities in this last week of September, with European indices dropping between 1.0 to 1.5 per cent during Monday’s morning session, mirroring a similar performance in Chinese and Japanese markets overnight... Rating
OANDA Rating
Vantage FX Rating
FBS Rating
OctaFX Rating
XM Rating

365BinaryOption Rating
TopOption Rating
24option Rating
Empire Option Rating
Grand Option Rating
Porter Finance Rating