GBP/USD still fluctuates in triangle

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

Positions Today Yesterday % Change
Longs 55% 56% -1.82%
Shorts 45% 44% 2.22%
Indicator 4H 1D 1W
MACD (12; 26; 9) Sell Buy Buy
RSI (14) Neutral Neutral Neutral
Stochastic (5; 3; 3) Sell Sell Buy
Alligator (13; 8; 5) Sell Buy Buy
SAR (0.02; 0.2) Buy Sell Buy
Aggregate

Yesterday's trading session did bring any notable changes, as expected. The Sterling is continuing to fluctuate against the Dollar in a two-week long symmetrical triangle whose upper boundary simultaneously represents the slope of a larger falling wedge formation. 

Theoretically, a release of information on the American consumers' sentiment could trigger a breakout especially if data appears worse than expected. However, this event traditionally does cause high volatility, which means that the cable might stay within the pattern until the end of the day. 

In larger perspective, there is a need to take into account that market sentiment is rather bullish and larger part of pending orders are also set to buy.

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