GBP/USD Trying to Make a New High

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The GBP/USD is bullish. Today it’s Friday and we might see a continuation up after a retracement due to profit taking.

If the market breaks lower to 88.6 we should see a possible move up. Uptrend should continue towards next targets. 1.3560, 1.3603, 1.3640 and 1.3660. The price shouldn’t break below 1.3438 as this will be a possible deeper move down towards the gap close. Buying the dip is still possible due to the breakaway gap.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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