GBP/USD

GBP/AUD Retracement to the Upside Above M H3 Pivot

Dear Traders,

The GBP/USD could make a potential retracement if the price holds above 1.8888. We can spot a consolidation at the POC zone.

The GBP/AUD has been consolidating near the bottom and we might see a push to the upside. Rejections off the zone should target 1.9059 and 1.9154. Only the loss of M H3 camarilla pivot could make the price go deeper down, continuing the downtrend. Pay close attention to candlesticks as the price on the GBP/AUD is volatile, making 147 pips on the average of 5 days.

The Analysis has been done with the CAMMACD.Core and Sit Systems

 

Published by

Nenad Kerkez

Nenad Kerkez is an analyst and trader who has been in the market since 2008 and works closely with Admiral Markets as their Senior Lecturer and Market Analyst. Nenad covers over 25 currencies on an intraday basis and has a Masters in economics. He also developed CAMMACD TM, a proprietary trading and analysis strategy wit ever powerful pre fact setups that you can read every day. Nenad is also a valuable presenter on various FX EXPO shows, where he always presents new and interesting ways how to trade price action and protect your own investments. Further, he is the co-founder and head of Elite Currensea Trading, an educational website for currency traders.