GBP/USD is Bearish Prior to the NFP

If the price gets to the POC zone again, we might see a rejection. 78.6-88.6 is the zone where we could see a drop. 1.4177-89 is the POC zone and the price should move down. This might be the scenario after the NFP. However if the price breaks 1.4076 we should see 1.4044 as the final target.

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Cheers and safe trading,

Nenad

 

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.