The GBPUSD has made another upside bullish swing and is currently in retracement towards POC.FED's meeting on Wednesday is the most important meeting this week and we might see huge volatility on Wednesday. We should focus on intraday setups now and we should manage the trades with Profit Stops. The GBPUSD has been more resilient than EURUSD so we might see some opposite correlation. Be sure to always check current correlation with Admiral Markets Supreme Edition tool.
Technically the pair has made a bullish swing after a bearish move and its getting close to POC zone. POC zone is 1.5090-1.5105 (Bullish order block, historical buyers, E89, 50.0) and the rejection might target 1.5150 and 1.5200. H3 camarilla weekly PP -1.5300 could be reached only on high volatility. However if the pair drops below L4 confluence 1.5055- it could create a breakout setup towards 1.5000 again.
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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