FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
21,100,485Confirmed
758,001Deaths
13,948,929Recovered
Fetching Location Data…
Advertisement
Advertisement
Nenad Kerkez
GBP/USD Bullish as Long as the Price is Above 1.2800

Dear Traders,

The GBP/USD is still bullish but the lack of momentum might provide some profit taking and the price could drop. However, T-89 pattern might still give the price the bullish outlook.

The price is still above 1.2800 which indicates bullish strength. However, due to general lack of momentum in the FX markets, the price is mostly ranging. If the price manages to hold above 1.2800 we should see upwards continuation towards 1.2856, 1.2873, 1.2911 and 1.2950 as the final target. However, a drop below 1.2795 could go for 1.2730 and 1.2680.

The analysis has been done with the CAMMACD.MTF template.

For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Trade With A Regulated Broker

  • Your capital is at risk