GBP/USD Could Start a Move up After Order Block Retest

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

GBP/USD has formed an order block at the POC zone. We should see a bounce.

W L5 – M L4 and 88.6 have formed the POC zone 1.4000-4010. We could see a move up from the zone straight towards M L3 and W H5. If the price goes lower, watch for a rejection of the POC. Targets are 1.4181 and 1.4243. If the order block holds bulls will be in control.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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