GBP/USD Corrective Move Above 1.3600 is Possible

1 min read
tarantula fx

tarantula fx

Head of Trading

The GBP/USD has formed a regular bullish divergence. The price is supported around Monthly and Weekly L3 levels

The cable could bounce from 1.3550 on a strong momentum above 1.3570 and a close above 1.3600. The regular bullish divergence coupled with rounding bottom is supporting the price and above 1.3600 next target is 1.3624. Ultimately if 1.3500 holds we could see 1.3696-1.3705 as the final target. Buying the dips looks like a good possibility right now.

Good trading,
Nenad Kerkez aka Tarantula FX

Leave a Reply


This site uses Akismet to reduce spam. Learn how your comment data is processed.

Notify of