GBP/USD V-Shape Reversal in Play

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

The GBP/USD is in the process of a V-Shaped reversal trade. I am looking to continue holding the trade as already covered in previous articles.

The 1-2-3 pattern is making a rejection at the lows. We should see a move to the upside as price is slowly crawling to the resistance zone. If the market closes above 1.3900, the next level is 1.3950. A move above 1.3950 will pave a way towards 1.4080. The GBP/USD is bullish despite the USD strength and I will be buying the dips again.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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