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GBP/USD Bulls are Still There Aiming for Fresh Highs

By
Nenad Kerkez
Published: May 24, 2021, 07:59 GMT+00:00

The GBP/USD has formed the POC zone at the M H5 camarilla. The price is very bullish.

GBP/USD Bulls are Still There Aiming for Fresh Highs

Bounce above the 1.4150 zone is very bullish. If we see a close above 1.4183 on intraday time frame the GBP/USD could go higher towards W H4 -1.4226 and W H5 -1.4297. At this point we can see that the price is zig zagging to the upside and there are no signs of profit taking. Double trend line is supportive for the up move.

For a look at all of today’s economic events, check out our economic calendar.

Cheers and safe trading,

Nenad

 

About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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