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

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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.