GBP/USD: Bat pattern still valid, 1.2530+/-
GBP/USD: still has bat pattern targeting 1.2570 - 1.2530 if we broke 1.12700 level.
GBP/USD rallied last week to 1.3170 , but the cast price couldn't break 1.3300 level , keeps pattern still opened to swing target 1.2600 and allowing 1.2570-30 1.127% extension.
Recommendation:
Sell at 1.2960
Stop loss 1.3100
Take profit 1.2900 - 1.2790 - 1.2700 - 1.2600 - 1.2570 - 1.2530
GBP/USD rallied last week to 1.3170 , but the cast price couldn't break 1.3300 level , keeps pattern still opened to swing target 1.2600 and allowing 1.2570-30 1.127% extension.
Recommendation:
Sell at 1.2960
Stop loss 1.3100
Take profit 1.2900 - 1.2790 - 1.2700 - 1.2600 - 1.2570 - 1.2530