GBP/USD Going Towards the D L5

1 min read

Dear traders,

The GBP/USD is in downtrend and we can expect a further continuation down if 1.2860 fails.

A retracement up to 78.88.6 fib is where the POC zone is. D H3 camarilla pivot adds to the confluence. We should see a rejection down towards the D L3. Below D L4 -1.2879, next is 1.2860. The final target is 1.2822. The pair is strongly bearish and only a move above 1.2984 will negate this scenario.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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