Advertisement
New Zealand markets closed

  • NZX 50

    11,946.43
    +143.15 (+1.21%)
     

  • NZD/USD

    0.5945
    +0.0008 (+0.13%)
     

  • NZD/EUR

    0.5546
    +0.0000 (+0.00%)
     

  • ALL ORDS

    7,937.50
    -0.40 (-0.01%)
     

  • ASX 200

    7,683.00
    -0.50 (-0.01%)
     

  • OIL

    82.60
    -0.21 (-0.25%)
     

  • GOLD

    2,331.70
    -6.70 (-0.29%)
     

  • NASDAQ

    17,526.80
    +55.33 (+0.32%)
     

  • FTSE

    8,040.38
    -4.43 (-0.06%)
     

  • Dow Jones

    38,460.92
    -42.77 (-0.11%)
     

  • DAX

    18,088.70
    -48.95 (-0.27%)
     

  • Hang Seng

    17,130.61
    -70.66 (-0.41%)
     

  • NIKKEI 225

    37,880.24
    -579.84 (-1.51%)
     

  • NZD/JPY

    92.3290
    +0.2140 (+0.23%)
     

GBP/USD is Bearish Below W H4 Camarilla Pivot

Nenad Kerkez
Updated

The GBP/USD has been sold on rallies recently as the Brexit talks continue to weight on the pound. Technically the pair is very close to the POC. 1.3365-89 is the POC zone ( W H3, EMA89, order block, 61.8 and ideally the pair should stay below the W H4 – 1.3409 to remain bearish. However, it is Monday and we might see some up-and-down price action until the price settles down a bit. Targets are 1.3303 and if we see a clear break below, then 1.3273 and 1.3247 could be next.

GBP/USD 1H Chart
GBP/USD 1H Chart

  • 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

ADVERTISEMENT

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

This article was originally posted on FX Empire

More From FXEMPIRE: