This uptrend stops out seller positions at high trading volumes
Trend movement of GBPUSD tends to go up for about 150 pips and successfully stop out seller positions at 1.2363 that have have been accumulated since May,11. That is a huge trading volumes right there for The Market to stop out. On the other side, we have two buyer positions at 1.2249 and 1.2259 which are formed slowly in the uptrend movement. The Market is still strong to go up to make sure all sellers are stopped out at this level while slowly attracting more buyers to open new positions.
