GBP/USD got lost in corridors
Read the article on FBS website
Recommendation:
BUY 1.3445
SL 1.3390
TP1 1.3515 TP2 1.3545 TP3 1.384
On the daily chart, GBP/USD changed consolidation range from 1.3045-1.3320 to 1.3320-1.3525. If the pound exits the current corridor, the odds of triggering AB=CD pattern with a target at 127.2% will increase. On the other hand, a break of support at 1.3320 and the pair’s exit from the uptrend channel will allow bears to expect the pound to go to 88.6% of the “Bat” pattern.
On H1, a successful test of resistance at 1.3445 and 1.3515 will increase the odds of the uptrend’s resumption.
