GBP/USD Strong Uptrend is Relentless

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The GBP/USD is enjoying a strong buying pressure. The uptrend should continue.There is still a lot of headline risk within the GBP basket. Nevertheless, the GBP has been excellent to trade lately, and today I am paying attention to the GBP/USD today. 1.2680-1.2710 is the POC zone. However, as the uptrend is powerful, another close of 4h candle above 1.2786 might provide a continuation to the upside. Targets are 1.2850 and 1.2920. A daily or 4h close above 1.2920 should target 1.3175.

The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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