© Dukascopy Bank SA
- Standard Bank Plc. (based on Bloomberg)
Pair's Outlook
The Cable was fluctuating in a wide range yesterday, as the price increased well above the weekly S1 at 1.6017, however, the bearish impetus still had more power and pushed the pair sharply down, closing a session with a negative performance and further slipping along the Bollinger line. The next support levels are the weekly S2 at 1.5912 and the 200-day SMA's and the monthly S2 intersection point at 1.5890.
Traders' Sentiment
The Cable's traders remain bearish for this positions, since 40% of positions are long and 60% are short. Pending orders segment delivers opposite figures, as 60% of pending orders are long and 40% are short.
© Dukascopy Bank SA