Economic Calendar
Click on the link below to find out more about the data releases of this and other currency exchange rates.
GBP/USD short-term review
Everything being equal, the exchange rate could continue to surge during the following trading session. The possible target for bullish traders would be near the 1.3850 level.However, the 200– hour simple moving average at 1.3780 could provide resistance for the currency exchange rate within this session.
Hourly Chart
GBP/USD daily chart's review
On the daily candle chart, the exchange rate continues to test the resistance of the 1.3900 mark.If the 1.3900 fails to provide resistance, the pair could reach the 100-day simple moving average near 1.3935 and, afterwards, the 1.4000 mark together with the 55-day SMA.
However, a potential decline could once again look for support in the 1.3600 mark before reaching for the January low level near the 1.3500 level.
Daily chart
Read More: Technical Analysis
Traders are short
On Wednesday, traders were bullish, as 53% of traders open positions volume on the Swiss Foreign Exchange was in long positions.
On Thursday, the market sentiment was 53% short.
Meanwhile, in the 100-pip range around the rate, the pending orders were 81% to sell.
On Wednesday, traders were bullish, as 53% of traders open positions volume on the Swiss Foreign Exchange was in long positions.
On Thursday, the market sentiment was 53% short.
Meanwhile, in the 100-pip range around the rate, the pending orders were 81% to sell.