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GBP/USD Adam and Adam Pattern Suggests Further Move Up

Nenad Kerkez

As long as the market is above 1.3100 the GBP/USD is very bullish. We can see that the breakout happened exactly at 1.3100 and 1.3150 slowed it down. In order to proceed further up, the pair needs to break 1.3150. Targets are 1.3174 and 1.3200. On 4h time frames dips towards 1.3050 suggest buying opportunities.

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

This article was originally posted on FX Empire