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Nenad Kerkez
GBP/USD

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.

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.

 

 

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