GBP/USD consolidates below 1.5536

Note: This section contains information in English only.
Source: Dukascopy Bank SA
© Dukascopy Bank SA
"This [BoE] easing is mildly positive for sterling"
- Barclays Capital (based on Reuters)

Pair's Outlook

The Cable has stalled just after penetrating 1.5536, but is capable of resuming bearish behaviour, being that in general technical studies point to the downside. An interim support currently lies at 1.5484, while the last resort en route to 1.5254 is situated at 1.5395/89. Resistances in the meantime may be found at 1.5583/1.5625 and 1.5698/1.5732, limiting possible near-term rallies.

Traders' Sentiment
Traders' sentiment is mixed towards GBP/USD, implying the market is yet uncertain with respect to the trend the currency will adopt in near future. The ratio between long and short positions is 51% to 49%. As for the orders, only 37% of them are to acquire the British Pound and the majority (63%) are to sell it against the Greenback.

© Dukascopy Bank SA

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Pre viac informácií o Dukascopy Bank CFD / Forex obchodných platformách a ostatných záležitostiach
nás prosím kontaktujte alebo požiadajte o hovor od nás.
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.