GBP/USD experiences high volatility

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Positions Today Yesterday % Change
Longs 52% 51% 1.92%
Shorts 48% 49% -2.08%
Indicator 4H 1D 1W
MACD (12; 26; 9) Buy Buy Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Buy Buy Sell
SAR (0.02; 0.2) Sell Buy Sell
Aggregate

During Tuesday's trading session, the UK Parliament voted to reject the passage of the deal. The vote results caused high volatility of 220 pips or 1.73% to push the rate to the 1.2670 mark. On Wednesday morning, the currency exchange rate was trading at the previously drawn pattern at 1.2867. 

In regards to the near-term future, most likely, the British Pound will continue to surge towards the upper boundary of the descending dominant pattern line at 1.2911.  

However, the British Pound could be depreciated against the US Dollar during today's UK CPI data release at 9:30 which might push the rate to the 1.2805 mark.

Actual Topics

Subscribe to "Fundamental Analysis" feed

Subscribe
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request)
For further information regarding potential cooperation,
please call us or make callback request.
To learn more about Dukascopy Bank Binary Options / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
Per scoprire di più sulla piattaforma di Dukascopy Bank per Forex/CFD, sul SWFX ed altre informazioni relative al trading,
la preghiamo di contattarci o richiedere di essere contattato (callback request).
To learn more about Crypto Trading / CFD / Forex trading platform, SWFX and other trading related information,
please call us or make callback request.
To learn more about Business Introducer and other trading related information,
please call us or make callback request.
For further information regarding potential cooperation,
please call us or make callback request.