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GBP/AUD Resuming the Move Up as Long as POC Zone Holds

By:
Nenad Kerkez
Published: Feb 12, 2021, 08:48 GMT+00:00

The GBP/AUD has completed the retracement and the price is currently holding above the D L3 level.

GBP/AUD Resuming the Move Up as Long as POC Zone Holds

In this article:

The GBP/AUD has completed the retracement and the price is currently holding above the D L3 level.

A rejection off the 88.6 and the POC zone could make the price continue going further up. As long as the price is holding above 1.7815-40 it will be a bounce off the POC zone. Targets are 1.7850 followed by 1.7886 and 1.7950. However if we see a drop below 1.7790 then the price is going to become bearish and targets are 1.7761 and 1.7740.

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Cheers and safe trading,

Nenad

 

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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