Advertisement
Advertisement

GBP/USD Bulls are Taking Over but Watch for W H3

By:
Nenad Kerkez
Published: Jul 20, 2020, 07:39 UTC

The GBP/USD has been rejecting from the W L3 Zone and at this point we can see the price moving up.

GBP/USD

In this article:

The GBP/USD has been rejecting from the W L3 Zone and at this point we can see the price moving up.

The price is trapped between 2 zones W H3 and W L3. This is the time for retracement towards W H3 level. 1.2600 zone could be good for sellers. If the price doesn’t close above 1.2600 we should see a move down. However 1.2500 zone is where buyers are. 1.2500-1.2600 seems to be the current range. Any close above 1.2600 or below 1.2500 will mark the next breakout move.

undefined

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.

 

 

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.

Did you find this article useful?

Advertisement