GBP/USD bulls are taking over but watch for W H3

Nenad Kerkez Top-XE

The GBP/USD has been rejecting from the W L3 Zone and at this point we can see the price moving up.

The price is trapped between 2 zones W H3 and W L3. This is the time for retracement towards W H3 level. 1.2600 zone could be good for sellers. If the price doesn’t close above 1.2600 we should see a move down. However 1.2500 zone is where buyers are. 1.2500-1.2600 seems to be the current range. Any close above 1.2600 or below 1.2500 will mark the next breakout move.

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

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Author

Nenad Kerkez

Top-XE

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