GBP/USD is Going Up Towards Daily ATR

Dear Traders,

The GBP/USD is bullish we should see a continuation towards higher levels. The daily ATR is sitting at the 1.2655, so this could be the target.

GBP/USD is the fifth consecutive day in uptrend. At this point we see that 1.2600 has been broken and continuation points to higher levels. Bullish impulse is still strong and if the price manages to hold above 1.2540-1.2580 we should see another wave up. Targets are 1.2635 and 1.2655. Eventual overshot might come at 1.2673 at which point I expect a retracement.

The Analysis has been done with the CAMMACD.Core and Sit Systems

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