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- Bank of Tokyo-Mitsubishi (based on Reuters)
Pair's Outlook
GBP/USD pair was slipping downward yesterday morning, but in London trading session the price reversed its direction and presently is firmly moving higher. The price still remains above the 20-day SMA, being is a strong signal of an up-trend. Therefore possible resistance levels are at 1.6109, where the R1 lies, and at 1.6132, an upper line of the Bollinger band.
Traders' Sentiment
SWFX market participants maintain huge expectations to see an appreciation of the Dollar, since only 24% of traders have long positions and 76% have short positions. In the pending orders segment expectations are neutral, since the both sides have totally equal shares of the market.
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