Advertisement
New Zealand markets open in 5 hours 48 minutes
  • NZX 50

    11,803.28
    -49.52 (-0.42%)
     
  • NZD/USD

    0.5939
    +0.0018 (+0.30%)
     
  • ALL ORDS

    7,937.90
    +35.90 (+0.45%)
     
  • OIL

    82.93
    +1.03 (+1.26%)
     
  • GOLD

    2,335.60
    -10.80 (-0.46%)
     

GBP/USD New Lows are Smiling to Sellers

There are 2 POC zones where we could see new wave of selling. The first POC 1.2760-90 is additionally supported by the order block (red line). In the case of a deeper retracement up watch for 1.2820-60. Reversal patterns in the zone could also show sellers and we should see a further drop towards 1.2780, 1.2685 and 1.2650. Below 1.2650, 1.2579 is the target. Selling the rallies continues.

This article was originally posted on FX Empire

More From FXEMPIRE: