GBP/USD could start a move up after order block retest

Nenad Kerkez Top-XE

GBP/USD has formed an order block at the POC zone. We should see a bounce.

W L5 - M L4 and 88.6 have formed the POC zone 1.4000-4010. We could see a move up from the zone straight towards M L3 and W H5. If the price goes lower, watch for a rejection of the POC. Targets are 1.4181 and 1.4243. If the order block holds bulls will be in control.

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

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Nenad Kerkez

Top-XE

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