GBP/USD 1.3050 is Crucial

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The GBP/USD is still hanging within the zone, undecided where to go. Above 1.3050 is bullish, below 1.3050 is bearish.

The price is still being bought on the dips. The main event this week is the BOE rate decision and we might see a range bound market until the data is out. Above 1.3050 the target is 1.3125, while below 1.3050 the price might hit 1.2962. Bullish continuation will happen on a close above 1.3125 and targets are 1.3208 and 1.3290, while below 1.2962 the target is 1.2866. Pay attention to the price action around these important levels.

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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