© Dukascopy Bank SA
- BNP Paribas (based on CNBC)
Pair's Outlook
Even though the Cable is constantly failing to leave vicinity of 1.5221, its outlook is perceived as bearish, especially if we consider weekly perspective, for which technical are giving ‘sell' signals. Some of the notable support clusters GBP/USD will have to push through before it can probe 1.4829 once again are at 1.5108/1.5096 and at 1.4939/31.
Traders' Sentiment
Although on average the U.S. Dollar is slightly more popular than the British Pound, the sentiment towards their pair (GBP/USD) is moderately bullish—long positions take up 59% of the market. At the same time the gap between the buy and sell orders has narrowed down to 4%.
© Dukascopy Bank SA