GBP/USD Bounce or Break off the POC zone

The GBP/USD is showing a bearish M pattern. The price is at support so we might have a possible move down as a breakout or a bounce up.

The POC zone marks the potential reaction of the price. Zonal support 1.3060-80 is where the price might act. H1 close below and next levels to watch are 1.3035 and 1.2981. If the price makes a bounce then watch for 1.3146. Only a close above 1.3146 could make the price bounce further to 1.3203. Watch for the POC zone and reaction there.

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

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