© Dukascopy
- the UK's debt management office (based on Bloomberg)
Pair's Outlook
GBP/USD pair has stuck in a 1.6112/35 resistance zone, as yesterday seemed that price has broken through this level, but on London trading session turned around and went back to a flat channel. As GBP/USD lost its volatility in the last few trading sessions, there is very possible to see a large time frame impulse in the near future. However, it is hard to say to which side, as indicators are either mixed or neutral.
Traders' Sentiment
According to SWFX market data, GBP/USD pair has expectations to experience a fall in the near future, as only 32.5% traders have a long position and 67.5% have a short. Pending orders market is more balanced, as 48.4% orders are placed for a long position and 51.6% are for a short.
© Dukascopy