GBP/USD is Poised for New Highs

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The GBP/USD is bullish. We should see an uptrend continuation from 1-2-3 pattern after a retracement.

If the retracement happens watch out for 78.6-88.6 POC zone. 1.3990-1.4005 is the zone where the price might be rejected from. A bounce could also happen above 1.4100. In both cases 1.4140 is the target. The pair is still in uptrend and buying the dips is the way to go.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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