GBP/USD Bulls Are Still There Aiming For Fresh Highs

The GBP/USD has formed the POC zone at the M H5 camarilla. The price is very bullish.

The bounce above the 1.4150 zone is very bullish. If we see a close above 1.4183 on the intraday time frame the GBP/USD could go higher towards W H4 -1.4226 and W H5 -1.4297. At this point, we can see that the price is zig-zagging to the upside and there are no signs of profit-taking. The double trend line is supportive for the up move.

(Click on image to enlarge)


Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...

How did you like this article? Let us know so we can better customize your reading experience.


Leave a comment to automatically be entered into our contest to win a free Echo Show.