GBP/USD marginally higher

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.

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.