GBP/USD Bullish Momentum aims for 1.3563 as the First Target

December 08, 2017 09:02

The GBP/USD is enjoying positive momentum, and bullish trend after Foster negotiated border issue with UK PM May through the early hours. It looks like the GBP/USD is aiming for the 1.3550-63 zone. Close above 1.3565 is needed for the continuation of the bullish trend towards 1.3640. Don't forget that today NFP numbers will be released so we might see rejection from 1.3520 first. The POC zone (38.2, D L3, EMA89, order block) .1.3430-60 could reject the price if we see it lower and as long as the pair is above 1.3380, we should see bullish price action.

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)

Follow @TarantulaFX on twitter for latest market updates

Sign up for Live Trading Webinars with Nenad Kerkez T

Connect with Nenad Kerkez T on Facebook for latest market update

Read the Camarilla trading blog