The GBP/USD is struggling to break 1.3060 so we need to see a momentum spike above. Bulls are still dominating the GBP market.
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1.3045 is 1-2-3 breakout where all higher time frames have been aligned. If the market makes a move above 1.3060 we will see a continuation above towards 1.3080. A move above 1.3080 will target the final price projection for the day and that is 1.3105-15. Only a move below 1.3000 will negate this scenario.
The analysis has been done with the CAMMACD.Core System.
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The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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