GBP/USD The Price is Bullish as Buying the Dips Continues

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The GBP/USD is bullish again. After the drop below 1.2800, we can see that buyers have taken control.

At this point the POC zone is supportive for buyers. 1.2850-60 zone is providing a good support for another wave of longs. The first target is 1.2899 followed by 1.2927 and 1.2974. As the price climbs, the higher time frames will also change the trend so we might see a full fledged bullish trend aligned on W, D and H4. If it happens the GBP/USD will break 1.3000 mark again. Until then, the intraday trend is 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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