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- Deutsche Bank AG (based on Bloomberg)
Pair's Outlook
Yesterday GBP/USD pair increased till the 200-day SMA at 1.5859 level and finished trading session exactly on the line. As the current situation is rather vague, both directions have high possibilities to occur. If the price turns down, support levels would be 1.5784, with the monthly and weekly S2 levels, and 1.5715, historical flat range, the upper line of which creates a sustainable support.
Traders' Sentiment
GBP/USD pair's fluctuation around the 200-day SMA has not affected the SWFX market situation, as 61% of it is still controlled by buy positions and 39% by sell positions. Pending orders segment has slightly more bearish sentiments, since 46% ordered a buy position and 54% a sell position.
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