GBP/USD bulls are getting ready for the next bounce

Nenad Kerkez Top-XE

The GBP/USD is still bullish. We might see a potential bounce at the weekly confluence zone where the POC is.

The POC zone zomes at 1.3328-40. We can see historical buyers and series of higher highs and higher lows. If it happens watch out for a bounce above 1.3386 as a continuation. The final target is 1.3440. If 1.3340 breaks to the upside then 1.3456 and 1.3490 is next. Only below 1.3294, bears will have a chance to turn the tables.

The analysis has been done with the CAMMACD.Core System.

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Author

Nenad Kerkez

Top-XE

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