GBP/USD Expected to Continue with Uptrend

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The GBPUSD is very bullish. Positive tones yesterday, coming from the EU gave buyers a strong dose of optimism.

The cable is ready to go further up. We should see a continuation of uptrend above W H5 pivot. A retracement towards the POC could be used for further buying. 1.3040-75 is the zone. We should see a move up towards 1.3210. Unless we see some disappointing news re Brexit, the GBPUSD is bound to go up. Buying the dips is the current strategy.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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