GBP/USD Trading Positions

WHAT IS THE TRADING POSITIONS TOOL AND WHY TO USE IT?

The Trading Position page provides a glance as how FXStreet dedicated contributors (Retail traders, Brokers and Banks) are currently positioned in the GBP/USD. It includes Entry price, Stop Loss and Take profits (up to 3, from the most conservative to the most risky level). It is a positioning indicator that delivers actionable price levels such as the average buy and average sell prices. The tool shows how liquidity is distributed along the price scale. Price levels with a lot of orders may act as support and resistance areas. It takes into account not only the entry prices but more importantly where participants have their stop losses and take profit levels. These orders are translated into support and resistance levels, as well as acceleration points. Visit our Support and Resistance page


HOW TO READ THE GRAPHS?

Besides the table with all participants’ individual positions, graphic representations aggregate and visualize the data.

  • The Red and Green line shows the percentage of buy and sell positions for each currency pair.
  • You also get the Average Sell Price (in red) and Average Buy Price (green) just next to the gauge graph. Trend traders can take advantage of these price levels in those circumstances when the current market price is at better levels than the average aggregate.
  • If you click on the pair, you will access another page with the Liquidity Distribution illustration. On this graph, we draw a vertical line for each contributor’s price position (price is horizontally laid out) so you can quickly figure out how the liquidity is distributed along the price scale. Price levels with a lot of orders may act as support and resistance areas.

HISTORIC RANGES FOR GBP/USD

Last 5 years (Feb 2012 to Feb 2017): MAX : 1.7169 (02/07/2014) - MIN: 1.2065 (16/01/2017)


MOST INFLUENTIAL LEADING FIGURES FOR GBP/USD

The three most important figures whose speeches and decisions are closely followed by GBP/USD traders are:

  • the Prime Minister of the United Kingdom (Theresa May, since July 2016, after British citizens voted for the withdrawal of the UK from the European Union)
  • the Governor of the Bank of England (Mark Carney, since July 2013)
  • the Chancellor of the Exchequer (Philip Hammond, since July 2016), a senior official within the Government of the United Kingdom and head of Her Majesty's Treasury. He is responsible for all economic and financial matters, equivalent to the role of Secretary of the Treasury or Minister of Finance in other nations.

Their speeches, statements, wording and decisions are closely watched to detect any signal of next potential move in the pair.


COMMODITIES THAT INFLUENCE THE MOST GBP/USD

When trading GBP/USD, it’s recommended to have a look at other assets, including commodities, Brent Oil, Gold, Silver.


Currency Trading Positions

The purpose of the Trading Positions table is to provide a glance of GBP/USD as to where our dedicated contributors are currently positioned. You can access the original analysis reports by clicking on each position.