© Dukascopy Bank
© Dukascopy Bank
- Moneycorp (based on Reuters)
пЃ® Industry outlook
The price of the British Pound has fallen sharply after nearly reaching 1.5700. At the moment the outlook remains bearish, with a likely scenario of the Cable dipping as low as 1.5400 in the nearest future.
пЃ® Traders' sentiment
GBP/USD SWFX Sentiment Index has been changed to a large extent. The percentage of bullish trades relative to the total amount of positions has surged up to 51.84%, whereas the share of bearish ones has plummeted down to 48.16%.
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 1.5617, 1.5779 and 1.5867.
пЃ® Short position opened
Bearish traders will pay attention to the key support levels to close their deals. The forecast targets are 1.5367, 1.5279 and 1.5117.
© Dukascopy Bank
© Dukascopy Bank