GBP/USD Bullish Breakout above the Flat Top Triangle

2 min read
tarantula fx

tarantula fx

Head of Trading

Hi traders,

The GBP/USD broke the flat top triangle to the upside and it looks bullish on intraday time frames. Next target could be Camarilla D H4.

The popular cable has made a clear breakout above the flat topp-ish triangle and positive momentum has been reflected on the charts. 1.3385-1.3400 is the bounce spot on a retracement. If the pair makes a clear break above 1.3424 or a 4h candle close above it we might see 1.3450 and 1.3470. Above 1.3470 1.3502 is the target. Have in mind that 1.3502 is a final weekly target. As long as 1.3365 holds, bulls should be safe.

Many green pips,
Nenad Kekez aka Tarantula FX

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