GBP/USD New Lows are Smiling to Sellers

Dear Traders,

The GBP/USD is clearly bearish.  At this point the price stands at the W H5 so we might see a rally which sellers might use for selling at a better price.

There are 2 POC zones where we could see a new wave of selling. The first POC 1.2760-90 is additionally supported by the order block (red line). In the case of a deeper retracement up watch for 1.2820-60. Reversal patterns in the zone could also show sellers and we should see a further drop towards 1.2780, 1.2685 and 1.2650. Below 1.2650, 1.2579 is the target. Selling the rallies continues.

The analysis has been done with the CAMMACD system.
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea