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GBP/AUD Might Bounce From W L3 Camarilla

By: 
Nenad Kerkez
GBP/AUD Might Bounce From W L3 Camarilla

Dear Traders, The GBP/AUD has formed a POC Zone close to W L3 camarilla pivot. We might see a bounce if the market makes a retracement.

GBP/AUD is stronger then GBP/USD for the last few weeks. It is mainly due to AUD weakness. If the price drops to 1.9050-80 zone look for bullish patterns as the price might reject from the zone. Targets are 1.9250 and 1.9350. Have in mind that the GBP/AUD is a volatile pair as the ATR(5) is 131 pips. We might see big intraday swings so be ready.

GBP/AUD Might Bounce From W L3 Camarilla

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The Analysis has been done with the CAMMACD.Core and Sit Systems

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About the Author

Nenad Kerkezcontributor

M.Ec. Nenad Kerkez aka Tarantula is Elite CurrenSeas Head trader and a valued contributor to many premium Forex and trading websites.

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