© Dukascopy Bank SA
Nonetheless, the pair has showed unwillingness to depreciate by testing the upper trend-line and now it is moving in its direction once again. Although, to do that the Pound's bulls have to breach the monthly S1, weekly R1 and daily PP that are located above the 2.00 level, which is also significant on its own. The technical indicators are sending mixed signals, while the SWFX traders' are rather confident on that the pair is going to appreciate as 63.28% of them have opened long positions.
© Dukascopy Bank SA