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- David Cameron, U.K. Prime Minister (based on WSJ)
Industry outlook
The British Pound - American Dollar currency pair has already pierced through a support at 1.5720 and almost reached a target at 1.5632. Today the price should find support at 1.5613 and consolidate there for now.
Traders' sentiment
The quantity of long positions has significantly incremented during the last day and has reached 55.58% of the total amount of positions, while short trades have gone down in numbers, to 44.42%.
Long position opened
Largest brokers set a new long position target as a break of 1.5751 is an encouraging bullish sign en route to 1.5866. If the uptrend remains, the third target for intraday trading will be 1.6050.
Short position opened
The immediate support line is at 1.5567. Should the price step even lower, it will encounter subsequent levels at 1.5497 and 1.5313, where recovery might start.
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