© Dukascopy Bank SA
- Investec Bank Plc (based on Bloomberg)
Pair's Outlook
The British Pound gradually appreciates, but a change is just fractional. The pair moves higher along the Bollinger band towards the monthly R1 at 1.5362 with a potential price target at 1.5418, where the 261.8% Fibonacci level is located. However, opening a position would be risky, since currently the pair does not demonstrate any bullish sentiments.
Traders' Sentiment
Bulls in SWFX market possess the majority of opened positions, as they control a 59% share. Waiting orders segment also exhibits a bullish exposure, since 57% of placed orders are waiting to buy the British Pound against the U.S. Dollar.
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