© Dukascopy Bank
"Don't count on another round of BoE QE in February"
- WSJ
пЃ® Industry outlook
For the moment the pair is directionless, while its movement is being restrained by the boundaries of a 1.5778 - 1.5407 corridor. The initial resistance and support lines are at 1.5650 and at 1.5580, respectively.
пЃ® Traders' sentiment
The share of traders who expect the Cable to surge has diminished to 34.27%, whereas the portion of those who support the Greenback is constantly increasing and has already reached 65.73% of the market.
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 1.5665, 1.5749 and 1.5790.
пЃ® Short position opened
Bearish traders will pay attention to the key support levels to close their deals. The forecast targets are 1.5540, 1.5499 and 1.5415.
© Dukascopy Bank