GBP/USD Potential Bullish Bounce at the POC
July 16, 2020
2 min read
Dear Traders,
The GBP/USD has bounced towards 1.2670 yesterday and now we can see an expected retracement.
If the pair hits the POC zone we might see another bounce. W L4 1.2505 is the potential bouncing spot along with 1.2450. Rejections should be targeting 1.2628 and 1.2677. A break above the W H3 will target 1.2707. However, first is to watch the W L4 and any bounce which might happen there.
The analysis has been done with the CAMMACD system.
For more daily technical and wave analysis and updates, sign-up up to our ecs.LIVE channel.
Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea
Leave a Reply