Market Analysis
GBP/USD midweek: cable holding 1.3390 as traders remain split, 2026-06-08
Sterling trades up 59 pips from Monday's open at 1.3394, with positioning near perfectly balanced at Wednesday's close.
2 min leesUSD/CHF closed Tuesday at 0.79799 after opening the week at 0.79651. That's a 148-pip advance from Monday's start, with the pair trading between a weekly low of 0.79468 and high of 0.79946.
The dollar found support early in the week as China's PBOC set its yuan reference rate well above market estimates on Wednesday. This wider-than-expected fixing reinforced dollar strength across the board, lifting USD/CHF through the 0.7980 area that capped Monday's advance.
No major economic releases are scheduled for Thursday or Friday in either the US or Switzerland. Without fresh catalysts, USD/CHF may consolidate near current levels. If risk sentiment shifts on any surprise headlines, watch whether 0.7980 holds as support or the pair drifts back toward Monday's low near 0.7947.
As of Wednesday morning, 54.2% of LHFX traders are long USD/CHF while 45.8% are short. This slight long bias reflects the week's upward momentum, though the near-even split suggests no overwhelming consensus has formed midweek.
The 0.7980 area stands out as the immediate pivot. If USD/CHF holds above it through Wednesday's close, the week high at 0.79946 becomes the next test. If sellers emerge and push below 0.7980, Monday's low at 0.79468 returns to focus. Track these key levels with LHFX's tight spreads and fast execution.
Byline: LHFX Research
Risk disclaimer. CFD trading involves substantial risk and is not suitable for every investor. Leverage works both ways and can amplify losses beyond your initial deposit. The analysis above is general market commentary and does not constitute investment advice or a recommendation to buy or sell any instrument. LHFX is regulated by the FSC Mauritius and the FSCA in South Africa.
LHFX bestaan uit die volgende entiteite:
LHFX is 'n handelsnaam van Longhorn Ltd, 'n Mauritiuse maatskappy gemagtig en gereguleer deur die Financial Services Commission Mauritius onder die Investment Dealer-lisensienommer GB23202204, Kode SEC-2.1B. Kantooradres: Suite 102, 1ste Verdieping, Sterling Tower, 14 Poudriere Street, Port-Louis, Mauritius. GBC-nommer C200455
LHFX SA (PTY) Ltd is 'n gemagtigde Finansiëlediensverskaffer ("FSP") geregistreer en gereguleer deur die Finansiële Sektor Gedragsowerheid ("FSCA") van Suid-Afrika onder lisensienommer 52816. Geregistreerde adres: 1 Hood Avenue Rosebank Johannesburg Gauteng 2196
Longhorn Ltd bied nie Fiat-wisselkursdienste of Kriptogeldwisselkursdienste aan nie.
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LHFX verskaf nie dienste aan burgers en inwoners van die Verenigde State of enige land waar sodanige verspreiding of gebruik strydig sou wees met plaaslike wet of regulasie nie.
RISIKAWAARSKUWING
Margehandel in buitelandse valuta, virtuele bates of ander buite-beurs-produkte op marge dra 'n hoë vlak van risiko en is moontlik nie vir almal geskik nie. Ons adviseer u om noukeurig te oorweeg of handel vir u gepas is in die lig van u persoonlike omstandighede.
CFD's is komplekse instrumente en dra 'n hoë risiko van geldverlies as gevolg van hefboom. Oorweeg of u verstaan hoe CFD's werk en of u die hoë risiko van geldverlies kan bekostig.
Belasting mag betaalbaar wees op enige winste en u behoort onafhanklike advies oor u belastingposisie in te win.