GBP USD having spot at 1.3169, near about 50% Fibo Level , next resistance is 1.3200 and support is 1.3140 for today, if market break these level from both sides direction would be confirm of the market,
From the chart, the price is now at the crossroads, it's also a prefect example for technical analysis .
It has already formed a bearlish bat from 2016.07-2016.05, and successfully reached the target price; Now, the D-point is converted to X point and form a bearlish bat again with the potential reversal zone made by 2.24BC and 0.886 XA.
There is also a...