GBP/USD Time For Shorts?

1 min read
tarantula fx

tarantula fx

Head of Trading

Hi traders,

The GBP/USD sits exactly at the POC zone. It will either be a continuation of a major downtrend or spike up.

At this point, I am more inclined for shorts due to multiple confluence close to W H5 and trend line pivot. The rejection from the 1.2880-90 should target 1.2795 and 1.2720. However, the pair needs to stay below 1.2950 for this scenario to work out. Watch out for possible POC rejections and fresh sellers.

Many green pips,
Nenad Kerkez aka Tarantula FX
Elite CurrenSea

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