GBP/AUD Strong Bullish Move Targets M H5

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The GBP/AUD is very bullish and we might see a continuation of the move soon. The ATR(5) is 478 pips, which means that the market is very volatile.

After a choppy market movement we could have seen a bounce towards W H5 camarilla level. 2.0128 is the next target. The zone where the price is bouncing is 1.9850-1.9899. If we see the close above 2.0130 then the next week we might see 2.030 and 2.0392 during the next week. Buying the dip is still the preferred scenario and as long as the price is above the POC zone, bulls have the advantage.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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