The GBP/USD has formed two POC zones which might turn the price after a retracement.
1.2140-1.2150 is the first zone and also ATR top. We can see the confluence with the EMA89 and descending trend line. The POC2 is 1.2200-10 and its W H5 camarilla pivot along with HTF BB line. We could also see rejection from there. Watch for bearish reversal patterns if the price hits any of the zones. Target is 1.2080 – confluence between Wizz and Camarilla.
The analysis has been done with the CAMMACD.MTF template.
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Many green pips,
Nenad Kerkez aka Tarantula FX