GBP/USD strengthened by Mark Carney

Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 58% 60% -3.45%
Shorts 42% 40% 4.76%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Sell Buy
RSI (14) Sell Neutral Neutral
Stochastic (5; 3; 3) Buy Sell Buy
Alligator (13; 8; 5) Buy Neutral Buy
SAR (0.02; 0.2) Buy Buy Buy
Aggregate

On the chart for the GBP/USD currency pair a surprise jump can be observed. The surge of the Pound was caused by comments made by the Bank of England Governor Mark Carney. The jump propelled the currency exchange rate through the resistance put up by the monthly pivot point at the 1.2903 level. Due to that reason it can be expected that the currency pair will continue the surge. However, the difference in the case of GBP/USD pair is that Mark Carney's comments have still not been analyzed as much as those of Mario Draghi in regards to the Euro. The results of this factor can be observed on the charts. The GBP/USD pair, since the jump and reaching above the 1.2950 level, has remained rather flat near the 1.2930 mark.

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