The GBP/USD has made a bullish spike prior to New Year and we see a correction now. Failure to close below Weekly Pivot Point turned the price bullish.
The Cable has established a new POC zone at W H3 camarilla pivot. The zone 1.2662-1.2680 could reject the price. The bounce targets 1.2730, 1.2760 and 1.2783. Only above 1.2785 we will see a continuation towards 1.2820.
However, a close below 1.2660 might target 1.2628-1.2611, so pay attention to either a bounce or a close below W L3 that will negate an interim bullish scenario.
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Many green pips,
Nenad Kerkez aka Tarantula FX