GBP/USD

The British Pound against the US Dollar is one of the oldest currency pairings in the world. The pair is often called 'The Cable', as the first transatlantic communication cable run across the floor of the Atlantic, connecting Great Britain with The United States, was used to transmit currency prices between the two economies. 'The Cable' remains a favorite of traders today, accumulating massive interest considering the size of The UK economy.


SSI: The Speculative Sentiment Index


Last Week
1.78
Current
---
Chg. Open Interest
13.5%
Outlook
Bullish

Support & Resistance

GBP/USD
British Pound Looks Likely to Rally Further
S11.3127 W R31.3480 S
S21.3022 M R21.3371 M
S31.2939 S R11.3247 W
Trend
down
Volatility
3%
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News


British Pound Looks Likely to Rally Further

Retail FX traders are now net-short the British Pound versus the US Dollar for the first time since the pair set a key top near the $1.33 mark, and a contrarian view of ‘crowd’ sentiment leads us to watch for further GBP/USD gains.
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GBP/USD Technical Analysis: Cable Poses a Bullish Run


GBP/USD Rally Presses On Resistance


GBP/USD Following through on Bullish Outside Week


GBP/USD, GBP/JPY, EUR/GBP Positioning Reaching Extreme Levels


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Analyst Picks

Michael Boutros   

Currency Strategist

My Picks: Near-term Setups in GBPJPY, GBPUSD & USDCHF
Expertise: Near-term Technicals
Average Time Frame of Trades: 1-2Days

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