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- WSJ
пЃ® Industry outlook
Resistance at 1.5743, being 55 day ma, has managed to halt upward movement of GBP/USD. Nevertheless, the currency couple is likely to recommence advancing in the near-term. The initial target is set at 1.5883/88, while the secondary is at 1.5956.
пЃ® Traders' sentiment
The share of long positions in GBP/USD has increased up to 50.61%, while the portion of short traders has diminished to 49.39% of the market, bringing the overall sentiment to neutral.
пЃ® Long position opened
Leading market participants, who have entered GBP/USD market with a buy trade, are expecting to close their positions at the key resistances at 1.5689, 1.5782 and 1.5839.
пЃ® Short position opened
Bearish traders will pay attention to the key support levels to close their deals. The forecast targets are 1.5539, 1.5482 and 1.5389.
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