GBP/USD Trying to Pick Up the Momentum

1 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Dear traders,

The GBP/USD has managed to reach the WL3 pivot point. The price might bounce now.

1.3810 is the W L3 confluence with the ascending trend line. It is also the pin bar zone and we could see buyers kicking in. Targets are 1.3935 and 1.3995 is 1.3750 hold. A break below would signal a possible trend change and bulls will be losing grounds. Watch for buying the dip.

The Analysis has been done with the Black Widow system.

Good trading,
Nenad Kerkez

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