GBP/USD Bounce or Break off the POC zone
August 24, 2020
2 min read
Dear Traders,
The GBP/USD is showing a bearish M pattern. The price is at support so we might have a possible move down as a breakout or a bounce up.
The POC zone marks the potential reaction of the price. Zonal support 1.3060-80 is where the price might act. H1 close below and next levels to watch are 1.3035 and 1.2981. If the price makes a bounce then watch for 1.3146. Only a close above 1.3146 could make the price bounce further to 1.3203. Watch for the POC zone and reaction there.
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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