GBP/USD Bullish but Sellers Wait at 1.2707

2 min read
tarantula fx

tarantula fx

Head of Trading

Dear Traders,

The GBP/USD is where sellers could be. At this point the price is bullish but watch for M H4 rejection if the price gets closer.

ATR high and M H4 are making a confluence. We can also see historical sellers from the zone 1.2700-10 and if the price drops that will be considered a retracement in the uptrend. Targets are 1.2640 and 1.2563. Only a break and 4h/daily close above 1.2710 could be considered a continuation sign with the targets at 1.2736 and 1.2833.

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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