GBP / USD: bullish formation, probably a new upward movement

GBP / USD maintained its medium-term upward movement. The price broke above 1.5350 confirming the positive sentiment in pounds.

CCI (50) crossed above 0, which indicates that the sentiment is bullish.

The price is more than 5 period moving average, whichat turn is over 13 periods – the scourge formation.

Buy from current levels is justified with a stop just below 1.5395

 Varchev Traders

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