GBP/USD Might be Targeting 1.2550 Short Term

Nenad Kerkez Top-XE

As we could see on previous Session Recap webinar, the GBP/USD perfectly rejected from POC and provided more than 120 possible pips. Another bullish sign that wee see today is Bullish SHS pattern (Inverted Head and Shoulders) that might provide a continuation to the upside targeting 1.2550. However Retail Sales data might move the price today. On a worse than expected result the pair might drop to POC (Ema 89, ATR pivot, D L4) 1.2430-50 and then it might spike. On a better than expected data look for continuation above 1.2516 towards 1.2550 D H5/ W H4 confluence.

GBPUSD Current Trading Positions

Sell 43%

Buy 57%

Avg Sell Price 1.2387

Avg Buy Price 1.2317

Liquidity Distribution

Author

Nenad Kerkez

Top-XE

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