GBP/USD remembered the triangle
Read the article on FBS website
Recommendation:
SELL 1.3000, SL 1.3055, TP 1.2900
BUY 1.3125 SL 1.3070 TP1 1.3300 TP2 1.3500
On the daily chart, bears are trying to return GBP/USD inside the rising triangle. If they succeed, the possibility of the medium-term consolidation in the 1.2600-1.3000 will increase. On the contrary, rebound from the current support will increase the risks of continuation to the upside, towards 200% target of AB=CD.
On H1, decline below 1.3000 will create the basis for correction to 1.2920 and 1.2900. For the uptrend to resume, the pair has to rise to July high.
