GBP/USD Bulls are Getting Ready for the Next Bounce

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The GBP/USD is still bullish. We might see a potential bounce at the weekly confluence zone where the POC is.

The POC zone zones at 1.3328-40. We can see historical buyers and a series of higher highs and higher lows. If it happens watch out for a bounce above 1.3386 as a continuation. The final target is 1.3440. If 1.3340 breaks to the upside then 1.3456 and 1.3490 is next. Only below 1.3294, bears will have a chance to turn the tables.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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