GBP/USD Determined to Push Above 1.2800

The GBP/USD is bullish. We can see a new rejection from the D L3 level which marks uptrend continuation

1.2710-20 zone is where buyers are if the pair manages to hold above 1.2700 we should see another push towards higher levels. The first target is 1.2750. A close above 1.2750 will give another bullish impulse to the pair towards 1.2788 and 1.2811. The highest projected pivot target is 1.2833 and it can be reached if there is enough momentum above 1.2811.

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

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Published by

Nenad Kerkez

Nenad Kerkez is an analyst and trader who has been in the market since 2008 and works closely with Admiral Markets as their Senior Lecturer and Market Analyst. Nenad covers over 25 currencies on an intraday basis and has a Masters in economics. He also developed CAMMACD TM, a proprietary trading and analysis strategy wit ever powerful pre fact setups that you can read every day. Nenad is also a valuable presenter on various FX EXPO shows, where he always presents new and interesting ways how to trade price action and protect your own investments. Further, he is the co-founder and head of Elite Currensea Trading, an educational website for currency traders.