Economic Calendar
GBP/USD short-term review Technical indicators suggest selling signals on the 4H time-frame chart. Most likely, the exchange rate could continue to trend lower during the following trading session.
However, the GBP/USD currency exchange rate could encounter support at 1.3801 today.
Hourly Chart
GBP/USD daily chart's review
On the daily candle chart, the currency exchange rate has passed the 1.3900 mark's support.In the near term future a decline to the support of 200-day simple moving averages at 1.3760 is expected.
Daily chart
Read More: Technical Analysis
Traders are short on GBP/USD
On Thursday, the Swiss Foreign Exchange traders were 65% bearish.
On Friday, the sentiment was 57% short.
Meanwhile, in the 100-pip range around the rate the pending orders were 79% to buy.
On Thursday, the Swiss Foreign Exchange traders were 65% bearish.
On Friday, the sentiment was 57% short.
Meanwhile, in the 100-pip range around the rate the pending orders were 79% to buy.