GBP/USD Technical Confluence Zone is Where the Sellers Are

1 min read
tarantula fx

tarantula fx

Head of Trading

Dear traders,

The GBP/USD has reached the D L3 camarilla pivot. We might see a rejection soon, and if the price gets to the POC zone.

1.3267-1.3288 is the POC zone where we can expect the GBP/USD to reject. In my opinion, sellers are waiting there and the price should drop. Targets are 1.3230 followed by 1.3153 and 1.3130. Uptrend might resume only if the price makes a close aboe 1.3312 which is the D H5 resistance level.  Downtrend continuation is expected.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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