Admiral Markets - Analytics

    Admiral Markets

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    GBP/USD watch for 1.4200-1.4225 zone

    ORB polls

    Technically, the pair has broken below multiple trend lines and it has touched 1.4115 L3 weekly support. Bearish order block and historical sellers suggest that 1.4200-1.4230 zone could be good for next round of sellers towards 1.4115 retest again. If the price breaks and 4h candle closes below 1.4100 the way towards 1.3980 will be open.

    However if any additional pro "Stay" news is released, watch for spikes towards trend lines. Volatility is huge and pay special attention to your risk management too.

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