GBP/USD bullish but sellers wait at 1.2707

Nenad Kerkez Top-XE

The GBP/USD is where sellers could be. At this point the price is bullish but watch for M H4 rejection if the price gets closer.

ATR high and M H4 are making a confluence. We can also see historical sellers from the zone 1.2700-10 and if the price drops that will be considered a retracement in the uptrend. Targets are 1.2640 and 1.2563. Only a break and 4h/daily close above 1.2710 could be considered a continuation sign with the targets at 1.2736 and 1.2833.

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

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Author

Nenad Kerkez

Top-XE

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