GBP/USD Moving Higher as Expected

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

As we already know, I was a bit bullish on the GBP crosses, mostly on the GBP/USD. At this point we can see that the first target has been reached. Continuation is possible.

1.2350-64 zone is the first POC. The 2nd POC zone comes within 1.2280-1.2305. If the pair gets to any of the zones we should see further buying. However, a close above 1.2410 in 4h timeframe could mean a continuation of the bullish trend towards 1.2445 and 1.2488 where the target projections are. I don’t see bears unless the pair closes below 1.2280 on 4h timeframe.

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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