GBP/USD Up by Nearly 100 Pips
January 23, 2019 12:35 pmVideo
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It’s 12 PM GMT on this Wednesday, and it’s time for the Dukascopy Midday Snapshot.
Euro/Dollar has walked in a relatively narrow range of 21 pips, but the pair sees a typical amount of funds. Sentiment of the traders is bullish, long positions are in the lead by 24 percent. The narrow price movement range suggests no significant moves in funds are likely.
Pound/Dollar rose by close to 100 pips to trade point 61 percent in the green at noon. The Cable sees 46 percent more than usual funds and most of them were in short positions. The sharp rise has brought serious risks for investors.
Dollar/Yen jumped by 44 pips shortly after midnight and the pair traded sideways afterwards. Traded volume is average and neutral sentiment of the traders is just four percent short. Early rise provided solid profit opportunities for those who were in long positions.
Pound/Yen has been on a rise and it puts the pair point 88 percent in the green. Traded volume is high and sentiment of the market players is neutral, at an even balance. Steep uptrend suggests a successful morning session for bullish market players.
Euro/Yen rose by 53 pips early in the session and a gain of point 29 percent was posted at noon. Traded volume is extremely low and most of the funds were in short positions. The early rise makes losses more likely, but they should be cushioned by the passive trading approach.
I’m Kiays Khalil and this is how traders have performed by noon GMT on this Wednesday.
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