The EUR/GBP has formed a bullish zigzag, and at this point we can see two POC zones: 0.8990-0.9000 and 0.8970-80. Rejection from the zones should target 0.9020 and 0.9050. Bullish zig zag is valid as long as 0.8950 holds. Today it’s Friday so we might see a profit taking that could provide us with the necessary retracement.
W L3 – Weekly Camarilla Pivot (Weekly Interim Support)
W H3 – Weekly Camarilla Pivot (Weekly Interim Resistance)
W H4 – Weekly Camarilla Pivot (Strong Weekly Resistance)
D H4 – Monthly Camarilla Pivot (Very Strong Daily Resistance)
D L3 – Monthly Camarilla Pivot (Daily Support)
D L4 – Monthly H4 Camarilla (Very Strong Daily Support)
POC – Point Of Confluence (The zone where we expect the price to react – aka the entry zone)
