GBP/USD

GBP/USD Potential for Another Bullish Run

>> The GBP/USD has formed a swing above previous retracement highs and we could see a new bullish momentum<<

Holding above 1.3060 is crucial for bulls to regain control. Price is above L3 pivot and has not tested W H3 pivot. We might expect a new retest if bullish momentum persists. The target is 1.3170. Have in mind that any negative Brexit news might impact the current bullish run. The GBP/USD is light on fundamental data today so it needs another catalyst to push forward and until it happens we might see a slower price action that is mostly range-bound.

GBP/USD Potential for Another Bullish Run

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.