The GBP/USD is currently undergoing a technical retracement. The POC zone is lurking below the L3 camarilla weekly pivot.
In the event of further intra day retracement, traders should pay attention to the POC zone between 1.2440-1.2465 (61.8, L3, ATR low, inner trend line, bullish order block).
The POC zone is wider due to higher ATR. Rejections might target 1.2520 and 1.2600. A strong 1h momentum or 4h close above 1.2600 should target 1.2710 resistance. Have in mind that this bullish scenario persists as long as 1.2375 holds its ground.
