GBP/AUD Might Bounce From W L3 Camarilla

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The GBP/AUD has formed a POC Zone close to W L3 camarilla pivot. We might see a bounce if the market makes a retracement.

GBP/AUD is stronger then GBP/USD for the last few weeks. It is mainly due to AUD weakness. If the price drops to 1.9050-80 zone look for bullish patterns as the price might reject from the zone. Targets are 1.9250 and 1.9350. Have in mind that the GBP/AUD is a volatile pair as the ATR(5) is 131 pips. We might see big intraday swings so be ready.

The analysis has been done with the CAMMACD system.
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Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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