GBP/USD is Bullish but Before We Should See a Retracement
By:Nenad Kerkez
Published: Jan 14, 2021, 08:08 UTC•1min read
The GBP/USD is bullish but before the next bounce we might see a retracement.
Mentioned in Article
GBP/USD
$1.22031
-0.01%
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.

For a look at all of today’s economic events, check out our economic calendar.
Cheers and safe trading,
Nenad
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