As you could read in my previous GBPUSD analysis the pair has broken through 1.5190 initially then went down to a target zone - 1.5155. The pair has been contained below 1.5250 as presumed but today we have seen a breakout through 1.5250 which is telling us that the pair might be targeting 1.5350. From the contextual point of analysis we have 2 different focal points. 1.5200-20 is the POC zone where we can see a confluence of Monthly inner trend line, X cross, 89 EMA and inner trendline. If the pair retraces to the zone we could expect a bounce towards 1.5300 and 1.5350. If the pair doesn't pull back towards POC then we should pay attention to 1.5300. If we get a H1/H4 close or high momentum push above 1.5300 we should see 1.5350. In both ways 1.5150 should hold.
The analysis and the article presents Nenad's opinion. Remember, financial trading is highly speculative & may lead to the loss of your funds. Proper risk management is the Holy Grail of trading.
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