Dukascopy_Analyst

GBP/USD in tight range between 1.4650 and 1.48

FX:GBPUSD   British Pound / U.S. Dollar
113 0 0
"Global weakness could throw a wrench against another U.S. rate hike."
- Western Union Business Solutions (based on Business Recorder)

Pair's Outlook
Cable's volatility yesterday was limited by the immediate support and resistance , while the GBP/USD             ended the day relatively unchanged with a slight move to the downside. Even though the pair remains in a bearish trend , a corrective rally might occur today, without the violation of the resistance in face of the weekly PP             . Technical indicators, however, keep giving mixed signals in the daily timeframe , unable to support the positive outlook, suggesting a decline towards the weekly S1 and the Bollinger band around 1.4655 is possible.

Traders' Sentiment
Today 51% of all open positions are long, compared to 65% yesterday. The percentage of buy orders increased from 49 to 63%.
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out