GBP/USD Ascending Scallop Pattern Mark the Uptrend Continuation

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The GBP/USD is in a strong uptrend. The market is bullish and the ascending scallop should provide uptrend continuation.

The POC zone is bullish for the pair. If the GBP/USD retraces back to 1.3050-70, we should see another bounce up. However, we might also see a continuation above W H3 1.3130. In that case this could be the Retest-Continuation pattern. Targets are 1.3200 and 1.3216. Even if we see a drop towards 1.2957 somehow, the pair will still be bullish.

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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