Advertisement
New Zealand markets open in 7 hours 58 minutes
  • NZX 50

    11,836.04
    -39.31 (-0.33%)
     
  • NZD/USD

    0.5916
    -0.0003 (-0.05%)
     
  • ALL ORDS

    7,898.90
    +37.90 (+0.48%)
     
  • OIL

    82.79
    +0.10 (+0.12%)
     
  • GOLD

    2,395.80
    +7.40 (+0.31%)
     

GBP/USD Strong Zig-Zag Bullish Pattern Points to the Upside

The GBP/USD spiked during early trading hours, and despite the holiday markets we see volatility in the GBP/USD pair. At this point, we can see a bullish zig-zag pattern trying to close above the D H3 level with a bullish candle. A dip towards POC zone (W L3, D L3, ATR projection low, EMA89, bullish order block)1.3450-3470 could spike the price up towards 1.3550 again but also watch out for a 4h candle close above 1.3540. Strong momentum above 1.3540 might lead the pair to 1.3570, 1.3586 and 1.3623.

GBP/USD Strong Zig-Zag Bullish Pattern Points to the Upside
GBP/USD Strong Zig-Zag Bullish Pattern Points to the Upside

Follow @TarantulaFX on twitter for latest market updates

Sign up for Live Trading Webinars with Nenad Kerkez T

ADVERTISEMENT

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: