GBP/USD Bulls are Still There Aiming for Fresh Highs

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The GBP/USD has formed the POC zone at the M H5 camarilla. The price is very bullish.

Bounce above the 1.4150 zone is very bullish. If we see a close above 1.4183 on intraday time frame the GBP/USD could go higher towards W H4 -1.4226 and W H5 -1.4297. At this point we can see that the price is zig zagging to the upside and there are no signs of profit taking. Double trend line is supportive for the up move.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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