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GBP/USD is aiming for new highs

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Recommendation:

BUY 1.3275

SL 1.3220

TP1 1.3375 TP2 1.355 TP3 1.3785

On the daily chart, GBP/USD pulled back after 88.6% target of the “Bat”. Bulls managed to defend 1.3050-1.3065 and play the Inside bar. The odds of AB=CD pattern and its 200% target increased.

GBPUSD daily.png 

On H1, GBP/USD rose from the upper border of the downtrend channel and support at 1.3085. This means that bulls are still having the initiative. They aim to continue the rally towards 161.8% of the “Crab”.

GBPUSD h1.png

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