Monday, June 14, 2021 9:37 AM EDT
GBP/USD has formed an order block at the POC zone. We should see a bounce.
W L5 – M L4 and 88.6 have formed the POC zone 1.4000-4010. We could see a move up from the zone straight towards M L3 and W H5. If the price goes lower, watch for a rejection of the POC. Targets are 1.4181 and 1.4243. If the order block holds bulls will be in control.
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high ...
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Disclaimer: CFDs are complex instruments and come with a high risk of losing money rapidly due to leverage. On average around 80% of retail investor accounts loose money when trading with high leverage. You should consider whether you understand how CFDs work and whether you can afford to take the high risk of losing your money.
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