GBP/USD reveals new patterns

Note: This section contains information in English only.
Source: Dukascopy Bank SA

Positions Today Yesterday % Change
Longs 61% 62% -1.64%
Shorts 39% 38% 2.56%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Sell Sell
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Neutral Neutral Neutral
Alligator (13; 8; 5) Sell Sell Sell
SAR (0.02; 0.2) Buy Sell Sell
Aggregate

There are more than couple of new developments on the GBP/USD charts. First of all the pair has pierced the medium term resistance line, as it was expected before.  

Secondly, a new medium scale ascending pattern has been revealed, which is highly likely going to guide the currency exchange rate higher throughout July.

Third and utmost important to day traders is the increase of volatility caused by UK Services PMI this morning. The increase of volatility caused the reveal of a junior ascending channel pattern, which is guiding the currency pair up to the PP at the 1.3250 mark.

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