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 readNAS100 closed Wednesday at 28931.65, down 109.32 points from Monday's 29040.97 open. The week's range spans from Tuesday's 29807.51 peak to the same session's 28188.19 low, a 1619-point swing.
Tuesday's session delivered the week's drama with a 1619-point intraday range. The index opened at 29384.47, spiked to 29807.51, then reversed sharply to 28188.19 before settling at 29027.27. Wednesday saw calmer conditions with price consolidating between 29130.88 and 28817.36.
The calendar shows no high-impact events for Thursday and Friday. With no scheduled data releases to drive volatility, technical levels and broader risk sentiment will likely guide price action through the week's close.
Traders hold a modest long bias with 54.9% positioned bullish versus 45.1% short as of Wednesday morning. The near-balanced split suggests no clear consensus on direction after Tuesday's wild swings.
The 29000 round number sits directly above current price at 28931.65. If buyers defend this psychological level through Thursday, Tuesday's 29807.51 high comes back into focus. A break below opens the path toward Tuesday's 28188.19 low. Trade NAS100 with LHFX's tight spreads and fast execution.
Byline: LHFX Research
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