GBP/USD confluence spots show possible bearish price action

Nenad Kerkez Top-XE

The GBP/USD is getting close to the first POC zone. We have two possible spots where the price could reject from.

1.2896-1.2930 is the zone to watch for. The first POC zone is showing confluence with D H4, W H3 camarilla pivots and order block. If we see the close above W H3 1.2930 then look for a possible POC2 entry in the zone 1.2974 - 1.3001. Targets are 1.2800 and if the price goes below it – 1.2800 and 1.2761. The Daily L5 is the final target 1.2700 which could be reached only on a strong momentum caused by Brexit news.

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

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Author

Nenad Kerkez

Top-XE

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