Short term upside correction could likely extend to nearby 1.6350, then falling again.
Stop long GBP;
short GBP nearby 1.6350 - 1.6400 with stop 1.6500;
target 1.5200 - 1.5300.
Another possibility is that develops a "Diagonal Triangle Moving Pattern".
In this case, current upside moving could extend to 1.7500 region but not exceed 1.7601, then falling down toward 1.5200.
Another possibility is that develops a "Diagonal Triangle Moving Pattern".
In this case, current upside moving could extend to 1.7500 region but not exceed 1.7601, then falling down toward 1.5200.
Dear Sir, GBP broke 1.6500, can we confirm it is "Diagonal Triangle Moving Pattern" and will test 1.7500?