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- Hometrack Ltd. (based on Bloomberg)
Pair's Outlook
Yesterday GBP/USD pair was traded in a very narrow range and daily candle closed with two relatively long shadows on the both sides, therefore it is very likely, that this currency pair has consolidated and changed its moving direction even in the short term. The next resistance levels might be found at 1.6051/65, where the 20-day SMA and the weekly PP are, and at 1.6087/94, where the monthly PP and the 55-day SMA are located.
Traders' Sentiment
SWFX market players anticipate that the U.S. Dollar will gain value, as 58% have a short position and 42% have a long position. Placed orders segment's data tempts about similar expectations in the near future, since 48% are orders are for buy and 52% for sell.
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