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GBP/USD: Nearest Long-Term Level Of Support 1.2731

Published 02/14/2019, 02:19 AM
Updated 07/09/2023, 06:32 AM
GBP/USD
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CME
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The capitalization of the positions of the CME Group (NASDAQ:CME) participants reporting to CFTC on derivatives on the British pound increased by 8%. The total capitalization of derivative markets for British pound reached $ 42 billion 69 million. The balance of bearish positions increased by 1%. In cash, the seller’s advantage was $12 billion 629 million. Investors increased the number of blocked positions by 1%. Also worth noting is the following ratio of capital investment in derivatives on GBP/USD among SMART MONEY: 35% of buyers and 65% of sellers. The nearest long-term level of support on the daily timeframe is the monthly option level of adding $ 55 million for growth (1.2731). The next area of support on the daily timeframe is the long-term zone of 20% of sellers (1.2556-1.2489).
GBP/USD, Daily Chart
The closest resistance level on the daily timeframe is the monthly market maker balance (1.2978). The next growth target in trading inside the current option month is the monthly zone of hedger resistance by price marks 1.3174-1.3210. The closest support level for today is the option balance of the day (1.2853). Subsequent support is the level of limit buyers (1.2808). The closest resistance area for intraday trading is the 2% buyers zone (1.2937-1.2947).
GBP/USD, M30 Chart
The next growth target is the weekly market maker balance (1.2978).

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