GBP
We increased in net positions from 34k to 40k.
We are on the bullish side which increased
GBP/USD
We mentioned in the COT report that GBP shows more bullish and we can see that in the price as well. we closed above the weekly pivot of 1.40873. with the current channel forming we could see another move upwards to 1.41526 and 1.41658 levels. Should we break below 1.40771 then a short comes into play to level 1.40215 again. But overall bullish more likely.
We increased in net positions from 34k to 40k.
We are on the bullish side which increased
GBP/USD
We mentioned in the COT report that GBP shows more bullish and we can see that in the price as well. we closed above the weekly pivot of 1.40873. with the current channel forming we could see another move upwards to 1.41526 and 1.41658 levels. Should we break below 1.40771 then a short comes into play to level 1.40215 again. But overall bullish more likely.
Trade closed: target reached