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GBP/USD First a Bounce then a Sell

By:
Nenad Kerkez
Published: May 27, 2021, 09:41 GMT+00:00

The GBP/USD has moved exactly as planned. However the market is at support so we could see a bounce.

GBP/USD First a Bounce then a Sell

First a bounce then sell. This is what I see in the GBP/USD. 1.4140-50 is the POC zone. 88.6 and D H4 camarilla are strong resistance zones and turn points. There is also a descending trend line which makes for a confluence. Targets are 1.4097 followed by 1.4069 and 1.4050. At this point I see the rallies scenario to go with.

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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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