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- Reuters
Pair's Outlook
GBP/USD pair was bounded by a down-sloping trend-line for a long time and yesterday the price finally overcame it and surged till the upper Bollinger brand at 1.6124. The next resistance level is the weekly R2 at 1.6115 and 1.6169/81 area, where a long-run downside trend-line intersects with the weekly R3 and monthly R1.
Traders' Sentiment
Segmentation of bulls and bears in GBP/USD pair has reached a significant level of bearish positions: only 24% are buy and 76% are sell positions. Pending orders segment is almost neutral as the buy side has 49% of placed positions and the sell side 51%.
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