GBPUSD buy the dips sell the rips?

Discussion in 'Technical Analysis' started by FXStreet_Team, Mar 1, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
    Likes Received:
    As previously covered in my GBPUSD article , the pair proceeded as expected-straight to the target. Fears of Brexit are weighting on the pair BUT we can see a historical support that can push the pair to the upside. At this point 1.3990 and 1.3835 are very important. 4h close above 1.3990 can spike the price up towards POC (H4,EMA89, breakout point, bearish order block). Mind you that POC zone is wider now due to historical vs now moment sellers and confluence points. The zone is 1.4080-1.4130

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