Technical cheat sheet: GBP/USD’s deceptive dance
IG International IG International
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 Published On Apr 2, 2024

Uncover the secrets to trading success with this in-depth analysis of the NASDAQ 100 technical indicators! Discover why the market is showing signs of strength and learn valuable trading strategies for both trend-followers and contrarians. Get insights on trader sentiment from IG clients and COT speculators, and explore the impact of fundamental factors like We're examining an FX pair this week following GBP/USD's previous attempts at an upside breakout that failed to materialize. The overview is cautious in both weekly and daily time frames, but the latter may hold the key in terms of dictating its next move. There's also sentiment from both IG clients and CoT speculators on the same side, but employing different trading styles. One group has been taking the opposite direction, while a substantial portion of the others has favored momentum.

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