FXEMPIRE
All
Ad
Corona Virus
Stay Safe, FollowGuidance
World
30,691,232Confirmed
956,396Deaths
22,333,809Recovered
Fetching Location Data…
Advertisement
Advertisement
Nenad Kerkez
GBP/USD

The GBP/USD is where sellers could be. At this point the price is bullish but watch for M H4 rejection if the price gets closer.

ATR high and M H4 are making a confluence. We can also see historical sellers from the zone 1.2700-10 and if the price drops that will be considered a retracement in the uptrend. Targets are 1.2640 and 1.2563. Only a break and 4h/daily close above 1.2710 could be considered a continuation sign with the targets at 1.2736 and 1.2833.

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

For a look at all of today’s economic events, check out our economic calendar.

 

 

Advertisement
Don't miss a thing!
Discover what's moving the markets. Sign up for a daily update delivered to your inbox

Latest Articles

See All

Expand Your Knowledge

See All

Trade With A Regulated Broker

  • Your capital is at risk