The 58% of all of the GBP/USD positions on SWFX were bullish on Wednesday. Most likely all of these Dukascopy traders have massive gains.
After breaking various patterns on Tuesday, on Wednesday the GBP/USD pair retreated back down.
The GBP/USD pair was breaking patterns on Tuesday, as the recently drawn junior pattern was broken.
On Monday, the GBP/USD tested the support of a weekly pivot point, which managed to hold and support the Pound. The encounter ended in a surge of the Pound against the US Dollar.
The Pound shows some slight downside potential against the US Dollar in this session.
As it was expected on Wednesday, the GBP/USD currency rate broke the narrow ascending pattern on Thursday.
It was expected that the GBP/USD will reach higher in the upcoming trading sessions. Instead the pair has jumped, quickly reaching above the 1.29 level.
The GBP/USD has increased its gains more than expected, as on Tuesday the pair even touched the 1.2850 mark.
On Monday morning the GBP/USD rate fought with the resistance of a weekly and a monthly pivot points.
During the first half of Friday's trading the GBP/USD pair continued to struggle with the resistance located at the 1.2740 mark.
On Thursday morning, the Pound made a short lived attempt to surge against the US Dollar.
On Wednesday, the GBP/USD continued to decline. Moreover, the currency rate was preparing to reach for the next support level at the 1.2660 mark.
On Tuesday morning it could be seen that the GPB/USD pair is doing a rebound after finding support in a pivot point.
On Monday, the GBP/USD currency exchange rate fluctuated near the 1.2750 mark. The reason for the almost horizontal trading was the support provided by a monthly pivot point at 1.2744
The GBP/USD broke a significant long-term dominant descending channel during the morning hours of today's session.
Sterling continued it decline against the US Dollar.
The GBP/USD exchange rate remained stable on Wednesday, as it was pressured by the 55-hour SMA.
The GBP/USD currency pair tested a support cluster formed by the combination of the weekly and the monthly PPs near the 1.2934 mark.
The GBP/USD currency pair reaches two weeks low level.
The GBP/USD currency pair declines after BoE increased interest rate.
Thursday's session begins with GBP/USD trading with high volatility, thus allowing the pair to crash by 56 base points during the morning UK's session.
The GBP/USD currency exchange rate is facing a steep resistance cluster near 1.3130 during the European trading session on Wednesday.
The Pound Sterling continued trading sideways against the US Dollar for the third consecutive trading session.
The GBP/USD pair was stranded between SMAs during the morning hours.