Forex

GBP/USD Possible Bullish Bounce

October 4, 2018

2 min read

tarantula fx

Head of Trading

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Hi traders,

The GBP/USD has formed a POC zone within W L3 W L4 and trend line confluence. The price could go up if we see a close above 1.3000.
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1.2950-70 is the POC zone and further bullish momentum is expected if the price makes a close above retracement (red) trend line. Next targets are 1.3048, 1.3087 and 1.3150. That could be a start of nee bullish wave and the door to 1.3250 will be open. Price close below 1.2900 will probably start a move towards 1.2887 and 1.2810.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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