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