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- Bank of Tokyo Mitsubishi UFJ Ltd. (based on Reuters)
Pair's Outlook
Recent depreciation of the Cable was stopped by the major support line at 1.5233, where the price spent four days checking the strength of the level. Yesterday the pair attempted to increase reaching the 20-day SMA at 1.5277, but bears were unsatisfied with it and pushed the price beneath the level. GBP/USD experiences volatile fluctuations, as the pair does not have any driving sentiments recently.
Traders' Sentiment
Even though the British Sterling is more popular than the U.S. Dollar these days, its popularity shrunk by 4% to 58%. Waiting orders segment is very close to balance, as 49% of orders are long and 51% are short.
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