GBP/USD Two Important Zones

Marec 05, 2018 10:01

The GBP/USD started to reject from 1.3760 zone, and we see a potential for further bullish price action. We have two possible zones where price could spike. POC (m) is the mini POC zone – 1,3760-70. Near-term history suggests buyers within the zone, and it is also a strong intraday support. POC (L) is a weekly support level, and if the price retraces to 1.3700-25, there is a lot confluence that should push the price further to 1.3760-70 and possibly up. Above 1.3770 targets are 1.3815, 1.3831 and 1.3860. 1.3880-95 is the zone where short sellers should appear. Successful rejection from POC (S) could see a retest of 1.3825.

W H3 -Weekly Camarilla Pivot (Weekly Interim Resistance)

W L3 - Weekly Camarilla Pivot (Weekly Interim Support)

W H3 - Weekly Camarilla Pivot (Weekly Interim Resistance)

W H4 - Weekly Camarilla Pivot (Strong Weekly Resistance)

D H4 - Daily Camarilla Pivot (Very Strong Daily Resistance)

D L3 – Daily Camarilla Pivot (Daily Support)

D L4 – Daily H4 Camarilla (Very Strong Daily Support)

POC - Point Of Confluence (The zone where we expect price to react aka entry zone)

Best wishes,

Nenad

Follow Admiral Markets on Facebook – @AdmiralMarkets on Twitter – for the latest market updates.


Avatar-Admirals
Admirals Vse rešitve na enem mestu za porabo, investiranje in upravljanje denarja

Več kot samo broker, Admirals je finančno središče, ki nudi široko paleto finančnih produktov in storitev. Omogočamo vam upravljanja vaših osebnih financ preko enkratne združene rešitve, ki omogoča investiranje, porabo in upravljanje denarja.