GBP/USD Potential Bullish Bounce While Price is Above 1.2680

2 min read
tarantula fx

tarantula fx

Head of Trading

Hi traders,

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.

For more daily wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

Leave a Reply

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of

🍿️ Discover your path to a 100% yearly returns over the convos with Chris Svorcik!

X