GBP/USD Bullish Bounce Above W L3 Pivot

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear Traders,

The GBP/USD is still bullish. The price might reach the D H3 Camarilla pivot and then proceed up if there is bullish momentum. Price action is still inclined to the upside.

The cable is slightly above the POC zone 1.3250-75. We should see a continuation move to the upside with the price possibly reaching 1.3340 and 1.3433. W H3 pivot point should provide resistance and there we could see a drop. As long as the market is above W l4 – 1.3185, bulls are in control.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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