GBP/USD Selling Continues While the Pair is Below 1.2880

2 min read
Nenad Kerkez

Nenad Kerkez

Head of Trading

Hi traders,

The GBP/USD is bearish while below 1.2880. Triple top and 3/8 MM pivot, coupled with historical double bottom (bearish order block), ensure that bears will continue to dominate.

The pair has broken below the W H3 camarilla pivot and reached 1/8 where the price made a bullish bounce. Rejections from 1.2860-70 POC zone target 1.2817 followed by 1.2756-40 zone. A Break below 1.2740 targets 1.2695 – 0/8 MM support. The pair is also in a bearish zig zag that can clearly be seen on 4h chart, so my idea is to sell into rallies.

For more daily 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

avatar

This site uses Akismet to reduce spam. Learn how your comment data is processed.

  Subscribe  
Notify of