GBP/USD Corrective Move Above 1.3600 is Possible

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

The GBP/USD has formed a regular bullish divergence. The price is supported around Monthly and Weekly L3 levels


The cable could bounce from 1.3550 on a strong momentum above 1.3570 and a close above 1.3600. The regular bullish divergence coupled with rounding bottom is supporting the price and above 1.3600 next target is 1.3624. Ultimately if 1.3500 holds we could see 1.3696-1.3705 as the final target. Buying the dips looks like a good possibility right now.

Good trading,
Nenad Kerkez aka Tarantula FX

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