GBP/USD strong zone is supporting the bulls

Nenad Kerkez Top-XE

The GBP/USD has made a strong retracement and now the price is exactly at the 61.8 fib retracement of the last swing.

W H3/D H3 rejection is expected as it constitutes the POC zone 1.3850-70 We should see a move towards the W H4 - 1.3915. A successful retest of 1.3938 is also possible. In that case look for a possible breakout or a bounce. If it happens 1.3975 is next. Bulls should be safe as long as the price is above 1.3820.

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

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Author

Nenad Kerkez

Top-XE

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