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"With the U.K. being in Europe but outside of the euro zone, it offers this safe haven to some extent when you look at property prices and markets. That is one aspect that has been helping sterling"
- Pacific Investment Management Co. (based on Bloomberg)Pair's OutlookYesterday GBP/USD pair touched the 200-day SMA, but closed slightly higher at 1.5874, therefore it is incorrect to say that the price tested the moving average properly and due to that holds a high probability of retesting this level. Since the pair is bounded by the moving averages: the 100-day SMA from above at 1.5930 and the 200-day SMA from the bottom at 1.5860, GBP/USD might experience a flat in this range, till sufficient impulse will be created.
Traders' SentimentBulls have strong arguments regarding GBP/USD pair appreciation, as the buy side strengthens its positions to 59% and the sell side reached 41%. Placed orders segment is more balanced, since bullish orders consist 52% and bearish 48% .
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