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GBP/USD Could Start a Move up After Order Block Retest

By:

Nenad Kerkez

Published: Jun 14, 2021, 08:28 GMT+00:00

GBP/USD has formed an order block at the POC zone. We should see a bounce.

W L5 – M L4 and 88.6 have formed the POC zone 1.4000-4010. We could see a move up from the zone straight towards M L3 and W H5. If the price goes lower, watch for a rejection of the POC. Targets are 1.4181 and 1.4243. If the order block holds bulls will be in control.

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

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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