GBPUSD bearish bat form

Jun 6

On the daily chart, GBPUSD is currently fluctuating at a high level. In the short term, we can pay attention to the resistance near 1.2827. This position is the entry point of the bat pattern D point. In addition, this position is in the previous supply area. Investors can pay attention to the SELL opportunity at this position. The first downside target of GBPUSD is around 1.2681, and the second target is around 1.2592. If GBPUSD breaks through 1.2894, the bat pattern will fail.