GBP/USD Progressive Trend Towards 1.3310

November 20, 2017

By Admiral Markets

The GBP/USD has been making a progressive trend move towards 1.3310. However, here is still resistance out there that needs to be taken away. The pair has formed W bullish pattern and the POC zone is wider today due to Friday’s price action and confluence tools. 1.3195-1.3225 is the POC zone (W, Order block, ATR pivot, D L3, trend line, EMA89) and we might see another spike towards 1.3260 zone. However H1 momentum or 4h close above W H3/D H4 1.3272 is needed for a further push towards 1.3310 and 1.3327 eventually. A move below 1.3150 will put a pair in neutral territory again.

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)


Free Reports:

Get Our Free Metatrader 4 Indicators - Put Our Free MetaTrader 4 Custom Indicators on your charts when you join our Weekly Newsletter





Get our Weekly Commitment of Traders Reports - See where the biggest traders (Hedge Funds and Commercial Hedgers) are positioned in the futures markets on a weekly basis.





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

Article by Admiral Markets

Source: GBP/USD Progressive Trend Towards 1.3310


Admiral Markets is a leading online provider, offering trading with Forex and CFDs on stocks, indices, precious metals and energy.