GBP/USD Breakout Towards D H5

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The GBP/USD has formed a breakout zone and we should see the price moving up.

The price is trying to break above the green highlighted area which represents the bounce zone. Bulls need to close above 1.3545 in order to continue further up. The first target is 1.3571 camarilla pivot and the final targets are 1.3598 and 1.3613. The GBP/USD is bullish and continuation of uptrend is expected.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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