Advertisement
Advertisement

GBP/USD is Bullish but Before We Should See a Retracement

By:
Nenad Kerkez
Published: Jan 14, 2021, 08:08 UTC

The GBP/USD is bullish but before the next bounce we might see a retracement.

Pound

In this article:

The GBP/USD is bullish but before the next bounce we might see a retracement.

Yesterday we were witnessing a drop in the GBP/USD. It was normal as it’s a part of a retracement. We could see the market bullish again probably around 2 POC zones. 1.3600-10 is the first zone and below 1.3600 we should see a drop towards the second zone. The second POC zone is 1.3505-1.3522. This is a stronger POC so the bounce could be happening here too. Targets are 1.3680 and 1.3730.

undefined

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.

Did you find this article useful?

Advertisement