GBP/USD is Long on Dips

2 min read
tarantula fx

tarantula fx

Head of Trading

The GBP/USD spiked after the NFP and technical picture is showing that the pair is bought on dips. We can define the next entry point.

The GBP/USD technical are aligned. CAMMACD is bullish, BB are also bullish and the MACD is bullish too. 1.3170-80 is the zone for long trades (after a retracement) and targets are 1.3210 and 1.3270. If the price doesn’t retrace, then pay attention to 4h close. A 4h close above 1.3270 is bullish too and next target zone is 1.3305-40.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

Leave a Reply


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

Notify of