GBP/USD First a Bounce then a Sell

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

The GBP/USD has moved exactly as planned. However the market is at support so we could see a bounce.

First a bounce then sell. This is what I see in the GBP/USD. 1.4140-50 is the POC zone. 88.6 and D H4 camarilla are strong resistance zones and turn points. There is also a descending trend line which makes for a confluence. Targets are 1.4097 followed by 1.4069 and 1.4050. At this point I see the rallies scenario to go with.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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